I was downtown KC tonight throwing a few back when I ran into a few NFI insiders & was told the inside story on the offering. From what they told me, seems that their staff got word that we on the board were going to have a 100.00 party.
They thought this was cool, but one of their employees is related to coco puff & from what I understand, at their family reunion he was touting himself as an NFI shareholder and was threatening to come to KC for the party. It was unanimous at the board meeting yesterday that they as a staff would do anything w/in their power to keep the price below 100.00. From what I understand, they were going to do a 2 million share deal, but thought they would never get the share price over 50.00 again. A number of board members still think that would have been worth it.
Oh, and that takedown at the close. That was the secretarial pool over at NFI unloading there options on NFI after a picture of coco was circulated amongst the group.