soon I imagine and the way I see it and as management stated, it will be pretty and consistent with earlier statements. This trader sees a $12-$14 PPS soon after release. I would think investor interest will follow once the black cloud from unsavory short sellers is lifted. Fidelity has nearly 5 million shares of ANFI and more institutional followers will arrive when the 20F presents the company in the proper light of day.
Do you think institutions enjoy 50% decreases in their portfolio's bud? I bank on RiverNorth and their 6%; add my holdings and some other folk's and we can oust those fat cats from their thrones in a heartbeat. How much money are you making on FSC wise man?
and read the RiverNorth material. It is a welcome read. These other lawsuits filed like the one today are lawyer advertisements. Forget about that. One pops up another expires. RiverNorth is the real deal with cash on the table. JMO
my take is that management here has been very professional. They have filed suit against those making inflammatory and inapropriate claims, hired forensic experts who gave them high grades which adds teeth to the lawsuit filed,, expanded their distribution network globally (much in North America) and intimated that the earnings will be there for all to see. My take is that this will be a good thing for investors. If the 20F is filed prior to year end and all is as we hope; we can see the PPS reflect it nicely. My call was $12-14 as a range in the months post report and then let the analysts with higher pay grades chime in . JMO
with all of this fluff????
For many quarters FSC has disappointed. It is at the bottom or near the bottom of every review of equivalent entities when comparing metrics. The contract with its managers is fraught with conflict; blatant conflict. The new investors have the clout to make a change. They have a compelling argument which cannot be ignored.
The fact is how much worse can it get? If the PPS were making record highs who would complain. But getting raped for fees for failure is very uncomfortable. My several thousand shares will vote for change. JMO
in its letter. Clearly FSC has underperformed and every analytic indicates its management fees are oppressive; especially when the investments are underperforming. If the investments were soaring and the stock price making highs shareholders would be less inclined to complain. However with losses incurred fees that are high get up front attention. I would like to personally see some new blood in the mix. JMO
There are 3 million shares short. Close after hours $7.00; float very thin. Newswires will hype heavily; maybe even CNBC. This can be a little holder victory agains the likes of predator manipulators which in this case may have crossed the line...and will pay dearly fines and damages from ANFI lawsuits. Great growth numbers now validated....We could have a double by year end maybe $15-$17. Worth a buy in the early am before the stampede. JMO
The answer is that market manipulators prey on small holders with thinly traded issues. They also load message Baords with grey news that could be possible. Little is fact and most speculation. Security disclosure laws have penalties for releasing news prematurely. ANFI has only proven it is a reliable supplier of product to major international chains and is growing revenue without question.
A review of financial material is in prices and no one knows when it will be released. Any other assumptions are speculation. Holders wood by Chas Schwab and others for shares for short sellers like the interest rate they are getting paid. That has nothing to do with the fundamentals which clearly indicate the company is growing distribution and market share. When the facts energy then we will know. Otherwise its foolish to follow this media grey matter.
Short interest for both Sept and Oct are 10% of shares outstanding but 28% of float which is a much more important metric. There will be pop when the numbers are in from the new auditors.
Interesting how the bids drop after a hiatus that occurs time and time again. Legal but transparent. These are day traders and players without regard to fundamentals. JMO