RE:RE:13 MILLION SHORTS NO PLACE TO COVERNo one really knows to be honest. I think it might have to do with a margin call on securities. They probably lent it against a bank loan and the bank called it. It happened to CEO of Valeant as well. I don't think they're allowed to trade 3 business days after the results are released... although don't quote me on that.
Craigbad wrote: Why were insiders dumping this week? Do you think the takeout price is less than the current shareprice so they were trying to get out at the higher price? Is there another bomb about to drop?
fundtrader wrote:
i give it a few more days... i think deal will be announced next week. Gut says shares will be up by 20$ us...