they are going to split off the ebook business. Invesco bought 10 percent stake and its disclosure came out in feb which is odd. clearly there is an investment change with restructuring. Im sure the NYSE is holding things up.
shorts at lows.....gamesmanship at its highest.....the lawsuit thing a little over the top in my opinion but greeds a funny thing. given the extremes they are gong through you can expect a good tick up
earnings delayed because of NYSE. Holding up announcement of ebook spinoff. If was discussed on weibo. They usually have stock holders meeting leading up to earnings which did not happen either.
This stock has been manipulated from the start. It was on the naked shorting list for months without any action. It is a company that is doing well in china and someone clearly wanted lots of cheap shares and got it. The e book is gaining tremendous traction. apparently investco and its parent company know whats going on.
not sure what the discussion about earnings is and an investigation. How bout how did one company acquire 45 million shares and when do we find out. its obvious thats whats delaying earnings. Someone bought a major stake in DANG. not the spinoff.
Held % Total
Shares Held Shares
Change % Chg from
Prior Port % Total
Assets Date of
Amvescap Plc. 39,386,635 48.77 39,386,635 New 0 02/28/2015
Invesco Hong Kong Limited 6,826,264 8.45 2,286,927 50.38 4.04 12/31/2014
Amvescap plc and investco are one in the same and now own 45 million shares.....50% of outstanding shares. Want to know why theres no volume. Amvescap bout 39 million shares between jan and feb.
in usual fashion with the hedgies the NYSE held up the announcement because of the spinoff proposal. apparently they cannot cover or shake off enough retailers. Just like the yahoo message board went down when the 400mil rumor came out.