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Opko Health, Inc. Message Board

  • cl50cl cl50cl Sep 16, 2013 3:09 PM Flag

    Stock conversion forms

    I just got them by email from Phoenix, yoohoo won't let me post their email address. You can get them by calling:

    AST Phoenix Advisors
    6201 15th Avenue, 3rd Floor
    Brooklyn, NY 11219
    Tel: 212.493.3910
    Fax: 212.493.3911

    C L

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    • burnaka Sep 18, 2013 5:22 PM Flag

      Need to keep this on top.

    • burnaka Sep 16, 2013 3:52 PM Flag

      CL, HI, We discuss the stock conversion a lot, and for good reason, IT might create a buying opportunity. In the Sec filings, I forget which one, they state the number of share holders for any given security. PBTH I believe listed only 200 holders, while opko only 400. This means little except that the bulk of the shares are concentrated in the hands of very large holders. Retail could still hold 25%-35% of the shares in varying amounts, maybe 10m-20m max. Israeli funds need the shares as opko will be joining several indexes. Based on the massive 8-12 million share volume surrounding the deal date I believe the Russel funds have all adjusted their positions.

      I am thinking that as these shares convert in about two weeks it could be a yawn to a minor buying opportunity. I think the shorts are waiting and hoping they get a big break in share price. If 30% of the retail holders dump, it is about 6m, if half 10m. I have a hunch it will be FAR FAR less. Maybe 2-3 million.

      With a handful of shorts profitable, and looking to lock in profits, and 32 million shorts underwater, any bounce off weakness with be met with strong buying. This is the one near term catalyst the shorts have been banking on, unfortunately for them too many had the same idea. Shortly after the conversion, maybe 5-10 days opko will be setting new highs. Of course I am going out on a limb with that prediction, and 4k or prolar news could do that first, but this does seem a logical consequence when the sell off never materializes.

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