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Direxion Daily Small Cap Bull 3X Shares V.TNA


Primary Symbol: TNA

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.


ARCA:TNA - Post by User

Comment by lilbuggeron Apr 17, 2009 1:43pm
357 Views
Post# 15927075

RE: RE: Good or Bad news????

RE: RE: Good or Bad news????That kind of helps but you didn't show the whole picture.  If that was his last share I would think that was the end of it.  The thing is this is an operating company with employees.  If the doors are still open then they still have to be paid and that means the directors are on the hook for those payments.  Sutherland still has 26 million shares, Libin has 30 million and Osatuik has 6 million.  That's more than half the shares outstanding of 102 million.  When the US casinos were vended into the company they were valued at about $0.50 per share so that is a pretty big loss for these guys so they shouldn't give up that easily.  I think you are right though that things aren't looking too good for TNA because the longer the halt is on worse things are but we can always hope.

GLTA
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