RE:RE:RE:RE:Here is an example of who created the volume FridayHey lumber - what were the fees incurred to float these notes and close them. Who paid them? Who earned them? Bet you don't know, never thought to go find out. Come on buddy, go do some work of your own, in balance with your need to do whatever you are doing here. quote=Lumberfeverlong]Hey MB,
I never excused MT's sale arragements, He should have never exposed his shareholdings to a margin call. That's probably one of many reasons he got the boot. My reference to those sales was to counter your argument that insiders have been consitently selling recently. They have not not. Only Mt has through forced sales.
Oh,in passing, in a prior post today, you said that the company made no disclosure about the net proceds of the note issuance. That is baloney. Go to their webiste and read the investor presentation and press releases related to the note offering. the disclosure clearly states that they raised $330M net of commissions and expenses. Tht puts their cash position today at least at $145M + $330=$475M assuming they did not generate any free cash flow in Q3. How in your great financial mind does that put them at risk of not being able to pay Cinven the $175M earnout? Get out of short and distort lala land!!!
MegaBear wrote:
Stop trying to excuse the selling of the shares by the CEO/Chairman via a "prearranged via a poorly disclosed with zero details loan for shares" "deal".
The facts are that massive numbers of shares owned by Thompson was sold via the public market to investors who were likely thinking they were buying good news. This happened in August, September and likely happened again.
It's been nothing but bad news.
Stop spinning your bad stories and focus on the facts.
If you want to comment on the subject, go ahead but stop being a "stupid looking bull".
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