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KIT digital, Inc. Message Board

  • ksn_44 ksn_44 Feb 15, 2013 7:57 PM Flag

    Prescott

    Did Prescott just buy those 5 million shares or was this a reduction?

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    • yes although lets put that in context...

      Hudson Bay Capital Management sold 2,652,878 on 6th february
      FMR LLC sold 1,177,816 on 14th february

      Prescot acquired these shares and some extra for a total of 5,580,127 shares, they paid $0.0001 so they purchased those shares for chump change ($558.12)

      what does it mean..? well there are restructuring there finances for something, at the moment not sure if that is for bankruptcy protection, or something else. With senior managers leaving recently it may not be a good thing, KITD has not made any new statements for months, this is not a positive sign.

      Sentiment: Hold

 

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