Please see the tmf associates mss blog dated 11/19 for an explaination of how much harbinger sold and what they still hold. There are various forms of preferred, convertible, and common notes/shares involved.
Falcone's total holdings =
Harbinger Holdings (=Master Fund+Special fund) + HCP II
as of Nov 18,2010, Mr. Falcone's holdings 56570253 =
Harbinger Holdings 47,377,031 + HCP II 9,202,222
Master Fund 37,049,174 +
Special Fund 10,327,857 +
HCP II 9,202,222
as of Nov 26 Master fund -345000
as of Dec 03 Master fund -680000
as of Dec 03 Mr. Falcone's total holdings =555,45253
Did I miss anything?
sooooooo, what does benhuringho say? Did Harbinger sell all of TSTR to Marathom?
I told you before, Marathon is opportunistic, and anything they do has no real impact on the outcome of BK, or any decissions judge will make. They count as much as you and any other shareholder....except that they got in at lows, and can play this stock for as long as the game goes on, and will certainly make more then you and me....
Last holdings report that they are required to file. It was dated 11/18.
The report you see at benhuringha says "Harbinger Capital Partners Master Fund" which does not include all Harbinger entities. I am not going to name my source, which is definately more reliable then BENHUR, but am sure that you can find it on Edgar (form 13D).
I am not saying that I am right.. but am wondering as to what exactly is holding of Harbinger.
i dont think any news will be coming until 10... one think is sure that Harbinger is selling all of his TSC stocks.... and i guess Marathon is buying it..... so i think we are in pretty good shape...it also like creditors have all rejected Disclosure and Backstop Agreement.. which i think is ok.. as they want some changes in the agreement....... one very imp thing is that there is no more debt to equity swap so commons will survive....
On friday I guess marathon bought which harbinger sold on dec1 and dec2.. be cool.... those who have patience will get maximum gain.....GLTA