Are we feeling a little nervous - Possible Cure for Shortitis?
I got 10 thumbs down for this last time. When you all get tired of short raids lets vote again.
While Affymax shareholders await word on Omontys they are besieged by short sellers and day traders.
The wait has been long and this extended period without word weighs on you.
Consider the following scenario.
LongFellows Short Squeeze will be a holding company whose purpose is obvious.
Not a bogus shareholder activist, the real thing.
LongFellows offers a stock swap to affy shareholders.
The offer is 1 share of LF for every 100 shares of Affy.
In effect replacing 37.5 million shares with less than 400,000
The offer is to be made the Monday following options expiration after the close when many contracts will have expired worthless.
The question: Would you vote for it? If not why?
LongFellows Short Squeeze is a concept I am evaluating to discover possible acceptance levels among shareholders. Whether shareholders will understand how it would works. I'd like your feedback as to problems and benefits you see in this idea.