RE:Extremely Interesting FindingThere is no question that that is a huge portion of the shares sold. They held about 30MM shares between them and then there was some restructuring and had to sell. It has been one of the problems here is that there has to be a cleanup of all the loose shares. hopefully they are now done but at the same time has allowed me to get alot of cheap ones.
I don't think there will be much tax loss effect here because most of the shares owned are now cheap. I mean between me and a few people I know there must be 15MM shares now all at a very low average. A few of the people here on the board seem to have a significant quantity at a low rate rate. Management must have 20% of the outstanding by now. There are a few other very significant holders that I have heard of. I would venture to guess that 70% of the shares are held by longs.
That sill leaves 100M shares out there to trade but there are fewer and fewer people who are holding expensive ones.