I smell sharks circling a bleeding whale, I hadn't seen the Vora play, he is way worse than Shackleton, we'll have to watch these guys carefully. Vora and his fund recently are making a play on Town Sports, one of the largest fitness clubs on the East Coast after making a big stock purchase late last year. Some of the these activist investors can be good for shareholders and others steal the golden egg before you know it. OZZ
You must be referring to Coliseum Capital Management, a hedge fund started and run by Chris Skackelton and his partner in crime, Mr. Gray. Shackleton is the newest ADES Director, I guess that's what buying 11.7% of the company at $20+ per share gets you. These guys have a limited but fairly good track record of buying turnaround companies. However, they have also liquidated at least one company and took off with a controlling interest in the best profit center and left the rest losing portion to shareholders. I hope they aren't planning to spinoff the clean coal portion of ADES and buy it at a bargain and leave us with existing management and nothing to profit from.
Does anybody know if ADES will have option trading after transfer to the pink sheets? My account shows ADES options as "suspended trading" , what the heck does that mean? I figure I am fine because I sold call options at $21 a couple of weeks ago but not sure.