amounted to approximately 82,000 shares at market. Either an institution took a hefty position or a large short has started covering. Keith's interview with Benzinga was nice but made no specific reference to the 13 active contracts and 1.94 million in revenue that should hit by quarter end.
The "market" for this stock is controlled by the 13 million shares that are short and, until the company either commences the buyback (that could start on Monday per sec rules) or convinces institutional buyers to build positions, the stock is easily manipulated. Once it goes over 5 the mutual funds will start adding positions but, until that happens, the shorts are working overtime at holding the PPS down. From a fundamental standpoint the stock is a screaming bargain but short term traders are manipulating it on a daily basis moving it up or down 4-6% on any given day.
You're either blind, stupid or both. In addition to not being able to spell, you obviously can't read that the last si after hours trades were at 4.40 to 4.44. Off to ignoreland moron.
The minimum is 626 million. Once the third party due diligence is done, it could be more. The 626 is a base figure as per the framework of the agreement
Given that, after the deals close, they will have almost $9.50 in cash a $9.00 offer to go private would be thievery. If showself has intrinsic value, the go private option would have to be in the 13-15 dollar range in order to keep them out of court. I think that we would all support a 15 go private price and wish them luck
Wrong Moron! The framework agreement say a "minimum" of 626 million. It could be higher if you're familiar with reading english
It will definitely change by the market close tomorrow. Why don't you stop trying to spread FUD and simply admit that you screwed up???
Hey moron, the purchaser is a government owned entity. I certainly hope that you are short as many shares as you used to be able to afford
running for the door TRQ 3.87 and rising. Tomorrow morning, the short institutions will spike the volume and the price. Current price of FL and NS is equal to twice the market cap and that's with no cap value for the ongoing company
If you haven't learned that Avi Katz will screw shareholders at every opportunity, you should not be in this stock
What new rules? I checked the SEC site and didn't see anything. Thanks