RE:RE:RE:RE:CUV = likely tax loss selling candidateSo if management and partners own approximatly 80 million there is about 43 million held by shareholders.. If we look at who holds these 43 million shares, I belive there are probably half a dozen shareholders that hold over a million each,,,so in actuality.. we still see some selling..
I think that some of these are no doubt selling perhaps at at loss , and are able to use this selling of their shares as a tax loss. Others are selling at a profit with their shares bought thru a private placement.... I also expect that this selling will soon stop , stabilize, and after seeing some of the earnings later this year. I fully ecpect to see the price per share climb back up and take out the old high.
So for my portfolio.. I am not selling any meaning amount of my CUV holdings at these low prices but admit to doing some small amount of day trading in the last month.
I have now also actually increased my holding of CUV to over 1.3 million shares and feel very comfortable holding these shares.
You should also understand that at $ 2,00 a share I just might sell a few ..
Good luck to all that remain with me.