How is Blackrock and the other BIG investors profiting from this plunge!
A couple of weeks ago Blackrock bought another 5% of SWC bringing their stake to 11.78% long. About nine BIG investors own about 60% of SWC. So how are they profiting from this all? You would think that they would be calling for Frivolous Frank's head because of the losses this note move has caused. Unless Frank and the boys don't get it or .... ARE PREPARING TO SELL/MERGE SWC!!! My bet is on the latter!
They all are pushing the shares down on purpose to force out the small "Nervous Nelly" investors so they all can load up more for a sellout at $15 or more a share. Also but the notes and get interest and then sell yet more shares at a profit at a buyout.
!%$ a share??? Are you kidding me. Noone accumulates this large of a position for just a mere 10%. No they are looking for a double or a triple. After all, are they not the smartest guys in the room? Ahh hahahahaha
kennylong Ahhh hahahaha