RE:RE:RE:RE:RE:Pershing Securities Gobbling up sharesmoneymachine5333 wrote: They now have 28,612,147 of the 152,307,196 shares = 18.8% of the float.
What's the source for the #'s?
Pershing do not take passive positions in companies so if they are buying big then you know that Bill Ackman has a plan. He's know for big failures (shorting Herbalife) but also huge wins (squeezed a ton of value out of CP) They won't sit on the sidelines waiting for AIM to decide what to do but rather would push for max value from the company and that would probably mean shutting it down and selling the components. On paper it looks like AIM is bulletproof but only if the AC goes through and the board doesn't sit around for years twiddling thumbs and deceiding what direction to take while burning up cash or worse, going down some questionable road.
Ackman has lost lots of $ and investors over the last few years and needs a quick return so look for Pershing to push for winding it up,taking the money and heading home.