So you are another hedge fund trying to fleece the longs and shorts? Let's see, 56 holders of about 2,000,000 shares translate into nearly 40,000 shares each worth $250K each. What are you guys, some Tong gangs or Mafia mobstes?
Peterson, Close enuff for me ... there ain't no more than a single group that owns near identical $1.9 mil shares of an obscure Chinese ADR that was halted for three months. I am willing to place a wager of $10K that the two is the same block of shares.
So you are not the Glenhill gang? Funny the qty of shares of 1.9 mil shares are identical.
You told this board to vote no but did not disclose you are part of the gang trying to snuff the deal. Agree that we are all trying to make a penny here but I posted my trades and stated my position when I first got in this stock, when the stock slit down, when the stock was halted, when the stock resumed trading, when SC accepted deal ...
petey, Hedge funds routine told the world after they bought the shares, not before. And when the idiots saw the news, they have to choose: follow the big boys and buy; cover their shorts; or hold. When there are no sellers, shares move up.
The croak of the matter is what the hedge fund #$%$ plans to do next? Do they sell after the runup or buymore or accumulate puts/calls. In this case, it bought lower and made their pretty penny already. So, they are all good unless the deal falls thru and shares fall for lack of investor interest.
l8046 • Sep 23, 2013 6:03 PM
6 users liked this posts users disliked this posts 1
The group of 56.....
of which I am a member, holds 1,936,097 shares of Yongye stock. I think I can say with relative confidence that there will be 1,936,097 NO votes on this rip-off....
plarger, It is very telling that the hedge fund #$%$ stopped buying more when it claims the shares are worth much much much more. I have a 3K sell order at $6.36 for weeks and no one wants them. Enough said.
pete, The shares always move higher when more buyers pile in. You should get out more.
A bunch of crooks:
The Reporting Persons acquired the 1,941,001 shares of Common Stock to which this Statement relates with investment capital held by the entities listed below as follows:
(a) Glenhill Capital Overseas Master Fund LP acquired 1,379,822 shares of Common Stock on the open market between June 17, 2013 and September 27, 2013 for a total consideration of approximately $7.9 million.
(b) Glenhill Concentrated Long Master Fund LLC acquired 300,000 shares of Common Stock on the open market between March 13, 2012 and May 24, 2012 for a total consideration of approximately $953,000.
(c) Glenhill Long Fund LP acquired 28,154 shares of Common Stock on the open market between June 17, 2013 and October 1, 2013 for a total consideration of $167,000.
In addition, the Reporting Persons have sole dispositive power with respect to an additional 233,025 shares of Common Stock. These shares are held in third party accounts, which are managed by the Reporting Persons. These shares of Common Stock were acquired on the open market between October 1, 2013 and October 2, 2013 for a total consideration of $1.5 million.
High risk that this stock would return to "unloved" YONG of old, thinly traded at whatever buyers are willing to pay. Flash back, $3's and $4's before the buyout offer.
peterson, There is a singular reason why a privately owned and operated company goes public. What do you think it is?????
peterson, The short attack might have been settled after the buyout bid, after Halt was lifted and after latest quarterly filing. Even so, no higher bid!!!! Why?
plarger, That is the most ridiculous qualifier I heard. You don't get compensated unless you lose money, not because you held on your shares and there were no higher bids!!!! Next time, try not to some lawyer who sounded like Mickey Mouse or who ended the call with " e-dip e-dip that's all folks".
You are grasping at straws. Your few votes won't do anything to the whole. The buyout is going through. News to you: you are in a no win situation. Better cover your shorts instead of scaring the weak hands to sell them your shares on the cheap.
Laughing out loud. The shares were trading below book and at low single digit PE well before the buyout offer. Tell us ignorant fools why the stock was trading at $3 and $4 before the LBO?
Steve, you are 100% right on law suit that the price is too low. Wish there was one that the company screwed with shareholders for failing to file that caused trading halt and share price crashed or less than what could be.
None, except adds to one's negative karma. Why anguish on being in the losing team. There's also no upside voting no as minority. Note that I have not lobbied anyone else to vote yes,, just made advice that shorts to cover as the deal will be done.
Stock trading as if the deal will be done in a few months before CNY. And you would be burnt if proxy material is announced to be in the mail. The buyout team are seasoned players. They can count the votes.
Faulty logic, believe in and agree to what you thought to be the case and ignore the facts.