I have seen quite a bit of selling by some of the houses involved in the last financing, and right at the PP price. It almost seems like too much of a coincidence. I have a feeling those houses may have kept some of the PP, as it would have been a tough sell after the share price dropped before the financing closed, and they may be taking this opportunity to sell those left over shares into strength. Because without their selling, the share price would have taken a big jump on the CPG news. No serious investor in ARN would be disappointed that CPG did not buy us out, as we knew our management was not quite ready.
Make no mistake, our turn will come, and CPG will pay a heck of a lot more than $5.40 for our shares.
This is one of those cases where the patient and knowledgable investor will be rewarded, and rewarded very well.