If there was a board meeting last Thursday when the company announced the dividend on the preferred,then some action or inside information shared at that meeting among the board was illegally shared with the street, causing the dramatic collapse in the last 2 days. Just no other explanation.
LG it is not rocket science to show support for common shareholders by buying say 20 million shares and options to buy 20 million more prior to December 31,2015 -- the expiration date of the buyback authorization. I do not understand the disconnect between your promises to buy the stock as far back as January 2015 and actually pulling the trigger. Do something please.
Google deep capture Goldman saks
Great find. I see that Merrill was fined beginning of June for the same activities. Could result in millions of shares naked in CLF.
Now that the company owns 100% of NG joint venture, what can we expect in additional revenue and income? These assets have to be worth north of 500 million. No way can BK eliminate all equity value.
The delisting itself is a breach of management's fiduciary duty to shareholders.
I would also put the SEC in that category.
Why in the world would you want debtor-in-possession financing at extremely high interest rates. Just does not make sense. That financing is design to give a company operating funds to see the company through a bankruptcy reorganization process and these funds have a priority in the company's assets over the most senior secured lenders. ANR does not need operating funds.
Wall Street greed will trigger a mob mentality that will have serious consequences for greedy people in the future.