Section 16(a) of the 1934 Act requires a company’s officers, directors and any beneficial owners of more than ten percent of a class of the company’s equity securities to file the following reports:
Form 3. The initial filing is on Form 3. It must be filed within ten days of becoming an officer, director, or 10%+ beneficial owner.
Form 4. Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days.
I agree. I believe it will be Baupost that is the driver of a bo. They held more than 35% of IDIX before orchestrating a bo there. That was extremely profitable for Baupost so I would speculate that they would use the same strategy again. KERX is set up perfectly for it.
Sentiment: Strong Buy
mgm, Ignore the Vermin- - -we will still be here. Next time she rises, I will follow your lead. Coulda, Woulda, SHOULDA.
You're slightly mistaken. We wont find out until Nov 15th or so what they hold as of Sept 30... They don't have to file for 6 weeks after Quarter ends... The only reason they would have to file before that is if they drop below 5%(I believe). I believe they have been adding, but Im speculating.
Sentiment: Strong Buy
If they are at 15% or higher, they will use that as clout to force keryx into a bo very soon. If lower substantially, well...if you believe in keryx' drug, hold and wait it out. But your belief might be tested repeatedly as you can't have missed the blatant manipulation to date.
HaHa, help those folks lose money like you did here. Good!!!!!! I wonder how many people would still have the majority of there profits if they had never heard of you...
That's some funny S#&T...... (Your post)
Also, we are approaching a market value of keryx of 1billion. Could that be the surprise BO trigger? (btw, sadie or w4k...feel free to chime in)
And have you substantially acted on this analysis position, Mr. Wade?
I understand on September 30th we will see if Baupost has increased their holdings on Kerx. As they are currently @ 10%, what will happen if we find out they are at 15%?, 20%? What if they sold off half?
I'm new to this, so wondering how this would affect things?
He was a short,
pumping up the pps knowing what was to happen.
Sitting on an island lol saying to Ice and spill "They want me back" hehehehehe.
That's how the game is played, just think about mgMORONS actions the last few days...
I concur... where's the prison time? Make the fine 10x the amount the party 'earned'. Just part of doing business is right... spit in the bucket for these characters.
Agreed..just the cost of doing business. The former FBR chair (parent company) was barred from supervising a brokerage firm for 2 years. I should have left that part in.
Sentiment: Strong Buy
Good for you (re complaint) and great overview of what is going on. So much of this muck happening all over the place and the fines are low enough to just be the price of doing business, and not a true deterrent
I filed one last night. Please note that FBR was not one of the 19 sanctioned on 9/16/14 by the SEC. It was just interesting that some firms have been sanctioned for short-trading violations.
I believe FBR Capital is a spin-off from a similarly named parent company. I think the parent company had significant problems with a subprime mortgage division in 2006-2007. FBR sold the mortgage company, and spun off FBR Capital in 2007.
When I read that FBR's parent company was sanctioned in 2006, I wonder if anything has changed.
FBR's parent company settled an SEC investigation SEC per the Washington Post 12/21/06. Here's an edited version of the WP article.
Friedman, Billings, Ramsey Group yesterday (12/20/2006) agreed to pay $7.8 million to settle charges that it engaged in insider trading...when...it bet that the stock price of a client company would decline.…former chairman of the firm agreed to pay almost $1.3 million for his role in the episode. He was held responsible as a top executive at FBR who allegedly knew about the firm's trading, but he was not accused of personally selling shares on confidential information...two other former FBR executives agreed to smaller settlements on related charges.
Regulators alleged that shares in CompuDyne had been sold short by FBR while it was handling a private stock sale for the company that would sharply increase the number of shares available to the public and depress their price. The trading allegedly netted FBR a profit of $343,773.
Short-selling is a type of trading that enables the seller to profit if the price of the stock later decline.
FBR's conduct breached its duty to CompuDyne and victimized investors...officials at the SEC said...
On Nov. 21, 2006, CompuDyne announced that FBR had agreed to pay $4.5 million to the company and a former shareholder over the allegations.
Really need Master Bates's updated lists of catalysts...
Come back! We promise not to take that list for granted anymore!