Why anyone would pay over a premium of approx. 15% for this stock (9.00 + 1.35 = 10.35. You can bet that some of the shares that are being sold at a profit of some 3.95 a share are from insiders, longs, etc. Maybe even some Cuban shares.
Additionally, if Cuban attaches his name to this company, as he did, does it really constitute a 10% immediate gain from yesterdays close?
I think not. But I am watching my short very carefully. I won't get caught on this one.
Hey, great trade to all you longs and watch the cover for all you shorts.
Lends credibility and cash. 60% threshhold on VOD data should really catapult our stock. I think PR said that should come in the first or second quarter of 2005. In the meantime, with no debt, oodles of cash, our one-of-a-kind data base, billions being added to tv advertising budgets, digital "everything" on the horizen, shorts on board, 9mil float, it doesn't get much better. Our neighborhood is infested but even that should increase the price of our stock. Happy holidays all you pre/post Berger boys and girls.