Post by
discern on Aug 13, 2009 11:40am
How much would it take to win the war?
Through the combined efforts of dedicated share holders we have seen a decent victory and an increased share price. I for one am willing to be patient for a larger return, but I wonder if our combined efforts could not drastically increase the price quickly.
Of the about 650 million shares of HRG, Severstal now owns 401 million or 61.7%. Dedicated shareholders held 172 million who were holding out for at least 1.50 in share price.
That means there is only 76 million shares outstanding held by non-severstal and non-committed longs.
Out of these 76 million shares, how many are long? Likely 50-75%? (I'm open to other suggestions)
Therefore, there is likely in the neighbourhood of between 20-30million shares maximum that is being day traded.
Could we not through a combined effort work to take out these shares? If we all went "all-in", and committed to hold until the price reached 1.50, would not the sp jump quickly, HRG gain a lot of attention and in the process all of us win the war and not just the battle?
Comment by
missouriminer on Aug 13, 2009 11:53am
I am game, first I Need verifiable info from you . for starters were you at the last shareholder meeting? if so did you sign the sheet, if so send me instant message with name e-mail etc. LOOK FORWARD TO HEARING FROM YOU!
Comment by
lawyersfriend on Aug 13, 2009 12:09pm
So... you are suggesting... our own ... mutual fund with only one company in the fold?Interesting!!The HRG Gold is Going up Fund