Truth in latest news story or is it a ploy to gain your shares?
Whom would benefit most if the PPS dropped drastically, the ONES that want to take it private
Surely the ones wanting to buyout the rest of us would welcome some bad news and mistakes
in the Q - Report.
Personally I'm hanging onto my shares till 20's if they want to buy them at that, if not I'm in low enough I can take a PPS drop for a Q or two and still be alright in the end since I bought some time
Read the latest News with skeptical glasses on IMO.
smittensday - if the weiss family can be tied to any short position, someone is going to go to jail. that said, the real scam is the fact that this company has been in existence for a very long time and many decades ago it started accumulating large amounts of real estate that has been recorded on its books at what is now "book value". what this means is that large percentage of the company's fixed assets are worth a whole lot more than what was originally paid for them yet because of accounting rules the true value does not have to be published. and that's the scam.
btw - gosmokeadoobie's position is no more. got in on 12/30/11 @ $12.49 and got out 12/31/12 @ $16.88.
unfortunately, the shorts would benefit the most. and that's why 50% of the floated shares are now shorted. the whole thing is a scam. whether the weiss family intends to go private or is gaming the system with their own short position the whole thing is a scam!
I don't think the SEC would think kindly of the Weiss family talking up a buyout deal then buying a huge short position and then putting out bad news to cash in, Someone would be behind bars for that happening. Don't ya think? - The news could be as it is said, only manipulation it to buy short is deffinately a No-No IMO only of course.