Maybe the B shares were determined by the A price. Have to read the 8k. Nevertheless, Malone is getting out. He wants to raise money for time warner cable. ASCMA has no internal growth, they buy it in the form of dealer contracts. I have never seen a model like this in any industry
Incorrect. B shares are quoted and do trade. All time high was $90 on 10/17/13. The company bot his stock for $93/sh. Malone got a sweatheart deal unavailable to any other investor. Board should be sued. Ridiculous. And Malone doesn't need $33m for Time Warner cable.