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Special Diversified Opportunities Inc. Message Board

  • smaycs4 smaycs4 Nov 20, 2013 5:13 AM Flag

    Up to $1.15 after Becker Drapkin loaded up on more at $1.10

    Looks like they bought just shy of 2 million more shares and own 29.9%.

    Date
    Effecting

    Person(s)
    Shares
    Acquired
    Shares
    Disposed
    Price

    Per Share
    Description

    of Transaction

    11/12/2013
    Becker Drapkin QP 1,432,672 $ 1.1000 (1) Open Market Transaction
    11/12/2013
    Becker Drapkin LP 199,258 $ 1.1000 (1) Open Market Transaction
    11/12/2013
    Becker Drapkin QP 307,265 $ 1.0900 (2) Open Market Transaction
    11/12/2013
    Becker Drapkin LP 42,735 $ 1.0900 (2) Open Market Transaction



    (1) Excluding commission of $0.015 per share.
    (2) Excluding commission of $0.020 per share.”

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    • amazing to me that they are paying between .015 and .02/share commission for these trades....I guess you gotta pay the extra bucks to find investors to sell you large lots.

      re: "(1) Excluding commission of $0.015 per share.
      (2) Excluding commission of $0.020 per share.”"

      • 1 Reply to fabulouspoodle
      • It does seem high but I think the fee is for working the orders moreso than finding lots.

        I speculate that the market maker aquires shares knowing BD will buy them and in this case, they mark them up a little and cross the blocks.

        Didnt expect them to pay up to $1.15 however.

        I came up with $1.23 per share in cash/book but they have some kind of burn rate going forward.

        They've got a CEO but we dont know what he earns, it wasnt in the proxy. Maybe it didnt have to be but typically it is when there is a new one.

        One wonders if they will try to turn this into a public hedge fund sort of what Biglari did with Steak N Shake ?

 
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