BlackRock just announced a takeover of Dynegy (DYN)-----so it is very interesting that according to CNBC, BLACROCK is NOW the largest institutional holder of YRCW http://data.cnbc.com/quotes/YRCW/tab/8
INFORMATION date : 8/13/2010
ON BlackRock buy 53.4M shares :-))
INFORMATION date : 8/15/2010
CONCLUSION : WARREN no lie when he say BlackRock buy 53.4M shares :-)), and that definitly show you are a BASHER and liard
Procedure, formalities, and contractual technicalities would be the short answer. Any board members that have completely sold out and have no active interest in YRCW will be removed from the board, in time.
You're just a paid pumper! You and you conspiracy theories about billions of naked short selling and all that cr@p!
Blackrock sold their stake and so did many other Institutions. What happened to your predictions of ownership by Institutions being over 100%...
You pump this so that your employers can dump them.
CNBC was never accurate (Blackrock never owned 53 M shares)
You know, there just might be something to this. Blackrock is known for scooping up companies on the verge of BK cheap.
A few years ago I held a lot of shares in Wyndham Hotels and Blackrock did the same thing with Wyndham.
Only thing that makes me doubt whether they might be interested though is the Union thing.