of the bonds. LOL. Isn't Blackrock a bagholder here too?
Sabby has filed a notice with the SEC they had sold 1/3 of their holdings already. That is fact. After their second going concern notice , It is hard to see how any portfolio manager would hold. One owner is the State of California's teachers retirement fund. A small holding. Do you think that portfolio manager still holds? Seriously.
shrub had a policy: go to war and cut taxes. The next time we enter a war we need to at the same time raise taxes to fund it. Everyone needs to sacrifice in a war, not just poor kids needing a job getting blown up. I want the draft back with no deferments beyond finishing a semester in school. Everyone will pay more attention to going to war.
gsc, from a finance standpoint Eiasi's losses of over a half billion so far are known as a sunk cost. It is irrelevant to future decision making. Another $500,000,000 of losses is likely the next 2 years without quitting. I don't think Eiasi owners will stand for that. Eiasi has no problem with ending unprofitable partnerships as seen in past experience
I agree it appears they now own more shares.They had
reduced their position before How did they get them? Money back guarantee? Buy them. Out of court litigation settlement?
The question is why after dumping a substantial position in the Co fast would they get a larger ownership position? Interesting indeed. Could they have lent the Co money too to avoid/ postpone BK?
the previous purchase was of treasury stock to raise capital. What is this about? How much do they own and how and why did they get it.
He may be dumb indeed but he has brought up a legitimate point. Whta the hell is going on here with Sabby? Bad data or a real change of position of insiders? Clearly they are not stupid enough to lend them money? Why buy on the open market when the Company would offer a discount on treasury stock to raise needed cash? Very strange and I trust no one on any reporting this Co does. A private sale of shares from the Chairman plus the Brooklyn Bridge thrown in too?
I cannot get a organized view of the filing from the web. Can anyone how they acquired the "Additional" stock? Was it an open market purchase or the result of something else, or something else. Very weird stuff
where would we be if they were selling too? LOL
Please don't elaborate Juan. you do not understand economics or finance. You are a pro at hate however