ALERT! Breaking News from da Bear ...learn more...
Da Bear just learned that Kenny Boy is exitiing stage right for selfish reasons, he wants more money. He agreed to depart da BOD so that E-Tub could be sold off.
E-Tub will soon be sold. AMTD will enter da first bid, BUT, Chucky may bid now that Kenny's gonners. I hear that they-and they know who they are-will offer up $15/share in stock. Da onlyest details to be worked out is how much Da E-Tub BTO's get when they get kicked out. E-Tub said bye byes to da poison pill last year.
C Yaz - Da Bear Cares [CGDGE] ( Hey Pilgrims, Yinz don't have to believe this, BUT, if it realy does happen, please don't turn me into to da SEC, just consider it a lucky guess, okay? Oh, BTW, I'm buying 5,000 shares Monday. My current position is ZERO. )
Long, or does he want us to buy why he sells short? Why would Kenny sell at $11, if he just allowed the BOD to sell at $15? He may not agree but would still make a lot more money. It does not seem logical.
The news should be read opposite way. Citadel's leaving is a signal that Etrade would be sold, not that Etrade has less chance of being sold because Citadel would no longer pressure for a sale.
Schw or amtd won't want to deal with a hedge fund which controls the majority stake of Etrade.