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Sonus Networks, Inc. (SONS) Message Board

  • spook2b spook2b Apr 26, 2013 12:20 PM Flag

    Proxy is out - Senate & Empire

    A few months back, there was a discussion about Senate's SONS holdings. In the proxy filed with the SEC yesterday, on page 34 we find this item:

    5% Owners:

    Senate Limited (Trustee)—P.O. Box 71082, Dubai, United Arab Emirates 67,295,079 23.84%

    Empire Capital—1 Gorham Island, Suite 201, Westport, CT 06880 38,595,000 13.68%

    So Senate still has their SONS holding, and with Empire's stake, they hold over 40% of shares outstanding.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • senate could be the craziest person in the room with that many shares.

    • Thumbs up to you, #$%$. Once again, you are good.
      Was wondering whether Legatum still held. Now that is what you call a long! -- 67 million shares bought in May/June of 2007 at ranges from the mid-6s to the high 7s, if I recall. Geez, imagine sitting on those stocks at the $1s, through Notty's come-and-go, and questioning yourself on the decision. If I again can recall correctly, aside from a seat on the board, it seems that they have been a very passive investor.

      • 1 Reply to dachmeister4u
      • Legatum's cost average is $6.91 a share and the TRUTH is like sooo many SONS long & pumpers THEY BOUGHT INTO SONS NOT ONLY AT THE WRONG TIME,...LIKE SOOO MANY SONS LONGS & PUMPERS, THEY BECAME SONS BAG HOLDERS AS THEY GOT CAUGHT ON THE WRONG SIDE OF THE CURVE ON SONS BECAUSE THEY BOUGHT IN AT THE TOP,.....RIGHT BEFORE A MAJOR LONG TERM PPS FALL!

        Legatum/Senate likely held SONS this long BECAUSE LIKE SO MANY SONS LONG/PUMPERS, INSTEAD OF SELLING AND CUTTING THEIR LOSS'S WHEN THEIR LONG POSITIONS LOSS'S WERE STILL SMALL AND ACCEPTABLE, (in the $5-$6 range),... AND THEN MAKING THE SMARTER PLAY TO GO SHORT ON SONS AND RIDE IT DOWN,....(as I did and said everyone else should do in late 2007/early 2008!),...THEY HELD SONS AS IT'S STOCK FELL BELOW $5 IN JAN. 2008,..(the last time SONS was $5 a share).***AND GOT STUCK ON THE WRONG SIDE OF THE CURVE AND COULDN'T SELL AS BY THEN THEIR LOSS'S WOULD BE TOO GREAT!***

        SO THEY HAD NO CHOICE BUT TO HOLD,..AND HOLD,..AND HOLD ,..AND HOLD,..AND HOLD SONS,.....FOR YEARS,.....***AS THEY ARE STILL DOING NOW BECAUSE IT'S NOW APRIL 26TH 2013 AND SONS STOCK IS HOVERING JUST ABOVE BEING A $1 STOCK!!!****

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        Think about what Legatum REALLY did before you praise them,..they bought into a high risk, highly volatile tech stock with a LOT of money, NEALY A HALF A MILLION,....***AT THE TOP***, a mere 6 -9 months RIGHT BEFORE THAT'S COMPANY'S STOCK HAD A MAJOR -88% PPS TANK JOB,....A major -88% tank job in which A WHOPPING HALF A DECADE LATER, THE STOCK STILL HAS NOT RECOVERED FROM!
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        Geez talk about "dead money"!

        Just THINK of how much money they would have made investing that nearly $500k in SONS rival APKT,...or even AAPL back in 2007!!

    • SPOOK2B....Good Hunting....I am glad SENATE is still here.....

 
SONS
3.98-0.02(-0.50%)Dec 26 4:00 PMEST

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