Hey SEC I Think This Company and/or Its Minions are Crooked!
The Company comes out and says "no further questions regarding SEC filing on the merger. It then says nothing about continuing SEC issues but announces new merger deal terms with Barry and accelerates its earnings call by one day. During that time, several articles come out saying how wonderful the merger will be driving the stock straight up yesterday morning with a move-up the day before. The stock then quickly sells off in heavy selling yesterday morning, recovers but with constant sell pressure over the day then drops again on heavy volume this morning (immediately before the X-dividend date) as Goldman, not even waiting for the earnings call, downgrades the stock! My advice stay away from this company--no telling what the SEC may untimely find. If I was the SEC, I would look into the heaving selling yesterday morning and throughout the day into this morning--someone knew of the run-up and then timed the downgrade. Despicable!