I'm just thinking that we now have 400K fewer obstacles to a rise in share price for WCG now that those November $35 call options are expired.
Can I get just a little kudos even though it is not a fabulously brilliant observation made in my original post on 11/13? (1,253,300 = Total number of shares that must be delivered if WCG closes ABOVE $35 Friday afternoon. 848,811 = Total number of shares that must be delivered if WCG closes BELOW $35 Friday afternoon.)
With WCG successfully closed under $35, about 400K shares did not have to be delivered to the owners of those calls. Who wants to bet that many of those calls were written when WCG was below 30 and the writers were not covered?
With the article below, one has to wonder if the Wall Street Journal got it right from the start. They were the ones to say the Feds were looking for $35M in overpayments over the course of 5 years. Now, the first details of the warrant read, "a search warrant that sought 26 kinds of items from the past five years".
My hats off to you. That was excellent insight last week! WCG's pps is now ready to sky rocket. Also, thanks for pointing out that info about the search warrant. Any short who reads your post is probably sick to their stomach right now. Ouch!!!