Recent

% | $
Quotes you view appear here for quick access.

Maxcor Financial Group (MAXF) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • dabmu dabmu Apr 10, 2002 2:41 PM Flag

    Large Blocks

    The high volume started again once the warrant shares were registered, so I am 99% sure it's warrant flippers cashing out.

    It is equally likely that the company will start the buyback again next week once they know how many warrants are out there. But they can only buy 10K per day so it may not have a dramatic effect. That's 77 trading days just to buy back warrants unless average volume goes up.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • " That's 77 trading days just to buy back warrants unless average volume goes up. "

      but if only 20% of the options are excersized, and only 50% of those are sold, that's 7 days, (assuming the company is the only one buying!)... these numbers are completely realistic, only time will tell how many new shares come to the market.

      just bought 1100 more at $5.60

      • 1 Reply to fr7824
      • I agree, the actual number of warrants redeemed will probably be less than the 770K out there. Hopefully we will find out next week.

        If warrant holders can redeem through Friday and trades take three days to settle, MAXF management may not know until late next week exactly what the numbers are.

        Trading like this week in MAXF is just background noise for long-term holders. We are stuck in a range until the warrants are gone and Q1 earnings provide the next catalyst to move.