RE:RE:RE:RE:RE:RE:SP WTFmaybe the agreement was for Eight to buy 1M shares in the open market over a 1 month period and after that WRN would sell $25M equity stake at whatever agreed to amount was predetermined --- for example, you need to buy 250k shares every week over 4 weeks and we will grant you option price for $25M at whatever average trading was during week 2-3 or something along those lines.
I really don't understand these things though...I mean we don't need the cash and if Eight really that interested why not keep accumulating thru open market????
So the next step is for Eight to initiate coverage on WRN with a BUY recommendation i suppose and hopefully they have a good following and we will see more buying as a result?