GREY:VAALF - Post by User
Post by
drw1on Feb 01, 2010 1:57pm
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Post# 16740326
here is what I've found so far...
here is what I've found so far...From Earthtimes...google search
Entities controlled by Michael Bailey currently own a minority stake in the company and they are now making a hostile bid to acquire 100% of the outstanding company stock with the intention
of taking the company private. Michael Bailey is an algorithmic trader and formerly a member of the Band of Scoundrels, an elite group of high frequency proprietary traders that successfully shorted Citigroup and profited over $130M in October 2008.
Don't know yet when the company will start trading...
https://www.earthtimes.org/articles/show/michael-bailey-makes-hostile-takeover-bid-to-purchase-diamond-producer,1145168.shtml