Promis needs to arrange purchase of Goldman stock positionFor over 6 months Goldman has been selling in the face of any stock price advance.
This morning they sold already 250,000 shares.
Most companies think it is better to just let the market just work it out and eventually it will land in better hands. This is dumb thinking. The stock price needs to be protected and that is why Mackie was brought in to make a semblance of a market.
Anybody know who is this huge stockholder from Goldman and how much they have left??
The company needs to arrange a cross trade to relieve Goldman from their position so the market does not get beat back every day for months and months. Surely someone like M. Bigger may be interested and then the stock will continue to move up and not get hammered all the time.