RE:RE:RE:RE:RE:RE:RE:RE:stars selling 21 million shares....in this poster's opinion, the market is over-acting and Stars once again needs lessons in IR from a two year old. If this was different than the original agreement, they needed to explain why a holder is allowed to sell into the market. Was it a legal obligation as part of a transformative transaction.
I wrote to the CFO. The volatility in this stock is as much due to misinformation and speculation as anything, and for some reason, they just don't seem to want to address it...Simple explanation of the inside selling would have avoided a lot of the drop. I remain convinced it will come back. 6m shares is a drop in the bucket, so this is just shorts pushing it down when its weak. I stand by my original premise that this issuance is good news in the medium term. I guess at some point we'll hear the details of the insider sales transaction.