a better example is there than one punished by WS S*th*ads.. YOU GO BOY!!!!
We all should applaud Mattrick: His move to ZNGA amidst MSFT's internal conflict was brilliant. Landing a 50M yr /paycheck, gifted the latitude of a multi-year turnaround attempt and direct influence on the Board.
And after a year, hedges his bets by seeding London equity partners - he knows the reality.
Funds exiting positions coupled w/ 700M units rollingover makes for a very slow bleed, even for automated systems.
and subsequently SpringOwls challenge of Bwin's board for seats....
Net result . Too late.
Last time i posted here I predicted a date of 3/17...tic, toc...that date arrived just a few days after the high which was a result of KING's IPO pricing..... A word to the wise.... unless you know of an event and the date that event will occur - never say "we have hit bottom".. The next event to hit this issue will be either B/A series converting, which if sold, will drive down the sp especially if one considers that ZNGA will need to consider filing an S1 if they need more shares for future leverage/buyouts.