that Pickens is selling to keep price down so Ross and others can buy it out cheap when the time comes. Ross has to buy out at deflated price as is average is still way to high for him to make any money. Remember he is not a spring chicken anymore and can not afford to wait years for a decent return on his investment.
Pickens will get some benefit down the road that we will never be privy to. JMHO
One thing is for sure, selling all those shares before quarterly meeting raises concerns. IF he knows something we do not know and the stock tanks immediately tanks after any developments hit the public (us) ?If there were to be a dividend , is he walking from it on this many shares?
how is that patience working for you now? looks like we may be lucky to stay above 5 going into meeting and then its anyones guess. I have no clue anymore. guess I never did. followed big boys into the ground
getting so tired of the games being played, but just have to deal with it for the short term.
afternoon or earlier. weak hands will be shaken out. will not be willing to wait for results of qtrly meeting . who knows, may be the right call but I am holding.
i did not buy because of a dividend . just think they will have one so the share price will not tank. but others think that is why they will do one, so big three will do buy out at a cheap pps
but who the heck knows. just opinions and you know what they say about those.