RE:RE:RE:Stars Wins Court Appeal on Preferred Conversionozphoenix wrote: Regarding a possible/imminent new flood of shares (about 25% of the already existing share total) from the litigants -- just my simple-minded view, but it seemed to me that those hedge funds were simply trying to preserve their 3m shares every 6 months 'interest rate'. But, convesely, they were also not necessarily saying that they didn't want to sell yet (or, alternatively, did want to sell). They just liked the 'free'shares, given Stars' recent performance.
As it stands, I think we'll see a small amount of sellling by others, in fear of a potential drop, but with the outlook for Stars so strong, the litigant hedge funds will more likely keep hold of their shares until (at least, if not longer) the SP price bumps that are likely to occur after the Stars Q2 details (and SBG H2) and then the SBG first full Q (and possibly full H) into Stars figures.
Those potential jumps, along with a possible jump if sanity prevails in Kentucky (not always an assured event -- come on -- it is Kentucky) would lead one to think that holding the shares of Stars is still a good earner for the hedge funds - selling them is probably not the most pressing idea they would be considering.
Again, just imho.
I don't understand any of your writing.
Nobody holds on to shares at 6% extra shares return, if they aren't confident in the stock.
Those funds got bad legal advice and tried to challenge the conversion and lost. It is a non relevant event, they are not dumping their shares. Any of GSO partners that wanted to sell their shares could of done so in the private offering that some were included in when TSG raised funds to cover the SBG acquisition.
Nothing to see here move along.