that shareholders DID NOT APPROVE executive compensation??? Unfortunately it's only on an advisory basis.
Broker non-votes: 6,345,169
Regulatory issues behind, staff reduced 7%, time to sell this company.
Disposition, not distribution. Its already sold. Off exchange block to a big buyer. In a thinly traded stock like this both the buyer and seller get a better price than if they trades on on exchange or market. Hopefully he can get rid of all 5 millions shares this way.
Warrant strike price is irrelevant
Business conditions for banks is bad
Business conditions for brokers is bad
Sws is a bank and broker
$100,000,000 has not come out of escrow yet and no guidance. Reg issues run deeper than thought?
Trading volume at decade low (bad for clearing)
Can't retain or recruit top producers to a firm i limbow
I was thinking the same thing today. We have pressed against 4 5 times in the last months. The ask sitting at 4 has been smaller each time.
Ok so deploy capital means getting the $100,000,000 out of the holding account and injected into the bank pending approval of capital plan by regulators.
Just me and the crickets.....
SWS Group Firms 3.5% on Insider BuyingBY Midnight Trader
— 3:27 PM ET 09/09/2011
03:27 PM EDT, 09/09/2011 (MidnightTrader) -- SWS Group (SWS
) is up after SEC filings showed several executives, including Chief Executive James Ross, bought stock in the company this week. Director Gerald Ford reported the biggest purchase, with Hilltop Holdings (HTH
HTH HILLTOP HOLDINGS, INC. 7.4800
Change -0.0900 (-1.19%) AS OF 4:02 PM ET 09/12/11.
) , of which he is chairman, spending a total of roughly $1 million for 225,800 shares, the WSJ reports.
Price: 5.25, Change: +0.18 , Percent Change: +3.55
about 225,000 shares. This was after and outside of the recapitalization.
Can't get any more "inside" than a company that just did due dilligence before putting $50,000,000 in the company.
Oh goodie! Now we can't tell the difference between operating and investing activities! Woo-hoo
At least it's just a reclassification and not net reduction. But
And at least it's not a $6,000,000 charge for not noticing a corespondant is grossly over allowable amounts and getting slaughtered by a short position that SWS is now responsible for. Oh, that was last quarter.
Why am I long? Good grief.
Hopefully our capital saviours still see something hopefull....this did close the deal after all.....
Who remembers? Oh those were good times. Sws was about a year to late with that. They had a big center set up off 635 for it. Think they soled the Accra to ameritrade in the end. Doubt sws made any dough net.
Stop me before I get too sentimental....