I don't think so Billy. RR gave CI a gift buyout at $19 with a favor!!!!! You use this $ to finance us and your half billion $ investment will triple🍷🤔🍹🍸🍼
"Quit now or see it through"...Siri, Cortana, Alexa, Nina, Apple, MSFT, AMZN, Samsung etc. etc. One would think the so-called leader in personal assistants would see some interest. RR thought so, so he decided to capitalize on it by raising 300 million $. All the while, we get bent over again. How in God's name can he get away with this #$%$? He (we) buys back half of CI's position at $19????? He sells a huge chunk of his personal holdings at a multi year high ($21.35) and look where us bagholders are today. I don't have a clue and I truly despise Ricci. All that being said, I'm seeing it through!
It is simply unwinding of options expiration from Friday. Stocks that are heavily shorted tend to get whacked the following Monday. I am not worried and plan on adding mid-week.
Although not disclosed (as usual), one can assume yes! The action today adds to the correct speculation.
I'm totally with you my friend. This stock and Ricci have just porked the shareholders for years. But...don't be discouraged. Of all people, I should be but I'm not! carl sold half his stock in a sweetheart deal at $19 with the agreement that he would give up his two seats on the board. Carl ups his stake in XRX which used to own a big % of SSFT before selling out to Warburg Pincus. XRX is splitting into two publicly traded cos with one being exactly suited for what NUAN could spin off for XRX benefit. Carl sold his majority stake but still holds 10% of the company. There is now no special interest as they no longer sit on NUAN board and Carl wins both ways. JMHO