Carroll Financial Services added 2,291,339 shares of EK in the 2nd qtr 2013. Carroll Financial has $5.5B under management.
CFS invests mainly in Financial Products from UBS & JPM 90%.
This looks very similar to GMT.
Longs NO reason to sell til the dust clears
So they hold 16000 worth Dollars of cancelled stock until a bigger fool buys their shares.
GMT Capital held 3,308,800 shares as of 6/30/2013. I don't know if they are still holding these shares.
There are Longs out there that hold significant amount of shares that don't believe what EK is saying. Check out the GMT portfolio and they are very significant.
The institutional investors that report holdings of EKDKQ are not required to report BK companies.
If they still had 3 Million Shares, and the stock wasn't going to be cancelled, it would be worth 25 Thousand Dollars. But they don't. They sold their shares to 25 fools who are holding 1000 dollars each that they can't sell. So it's ZERO.
GMT has inside info (part of backstop committee).
Might just be easier to just take the 250k loss then deal with any consequences
3.3 millions is nothing, I am holding almost a million
come on sports,,, just show me that you are human and you worry a little, I should give you the name Robot... because you never show that you are worried.... man, are you a robot or a rock?