Was so kind to email me back. They said they do not plan to make a statement on the shelf registration prior to the CC. They also said they have no current plan to issue or sell ANY shares but will use it if an opportunity presents itself. Love MNGT!
Hard to Read Between the Lines, but let me try......They will talk about it at the CC, since it is VERY important and is well worth comment/explanation.....but, NOT NOW......so what is happening between NOW and the CC.
NO CURRENT PLAN to issue/sell those shares......of course we might have a conditional FUTURE plan to issue them.....if things materialize as planned between NOW and the CC.
So they RILED the Mkt and PPS for NO reason......on a whim.....if it were benign and not tied to something in the works...it was handled about as poorly as possible.....
SO, Something BIG is in the works and MAY be concluded in one form or another by the CC.....it would not be like SILC to say.....hey we are trying to BUY this 80 MIL company and it's getting very close so we had to file..... IT has to be atleast that big to be worth the Mess they created yesterday.
They said on the last CC that they continued to look for strategic acquisitions. I too wish they would have clarified to the market why they were filing, but as we all know, SILC management works behind the scenes on everything. You have to trust them or simply decide to sell the stock and move on.