I also got the letter. What do you suppose is up? I'm not so sure it is good. There is room for some major unpleasantness. Has anyone tried to contact the company, or Mr. Schwarz, and ask for information?
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.
So let's get this straight: Malone just sold 39% of his position in the company, consisting of 1/2 of his supervoting Class B stock? And he sold it to the company? And the company paid an above market price? What part of this is deal is not complete BS?
Sounds like Malone just called the top. Ugly from here?