seen several topics below is a statement that FIG has not increased their position as of 3/31. month and a half ago. traded below 40 for part of april. if they bought, that would have been the time. not reported yet.
as for re-negotiation of price. forget about the gaming boards. PENN shareholders would have to approve first.
gambling is going to go on forever. if done right, a cash cow.
Your guess as to what might happen to the PPS is as good as any. I believe that the reason the price is where it is, is because WS sees the deal falling through and because gaming is out of favor, has given the low 40s as the intrinsic fair market value. I believe also, that should the deal not materialize, the stock will settle in this area prior to moving up when conditions improve.
"FIG had not increased.." FIG is NOT doing the deal directly. The deal is by FUNDS controlled by FIG and Centerbridge. The deal has been made. Loving the lunacy here. Everyone is trying to read the tea leaves. FIG earnings; FED; CCU deal/no deal; Bank earnings; options;..shorters; creamer the dunce to some...etc. etc. etc. PENN=67+ very soon.
Hate to tell you but when FIG reports to SEC, they report holdings for themselves and all funds under management by them. Unless they have their in laws buying the stock. they dint buy in Jan, Feb, & Mar. They may be buying now. The price is right and the volume is up. They ma be buying the shares of the nervous longs and the arrogant shorts. The big holders are holding.