SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Track Data Corporation TRAC
TRAC 20.000.0%Nov 14 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Investor Clouseau who wrote (1353)4/19/2000 8:23:00 PM
From: Investor Clouseau  Read Replies (3) of 2005
 
Well, it looks like Barry's shares were absorbed into the market today. I counted about 23 million, enough to pay his margin call.

The question is, who bought them? I think the buyer bought them, but still doesn't own enough TRAC to have outright control. This puts Barry and insiders back in the drivers seat as far as buyout price per share. Whoever the buyer is, they now have a very low cost basis and can afford to pay a large amount for the few million remaining shares that will give them absolute control.

IC

Disclaimer (canuck's suggestion); IC is long TRAC, IC has been long TRAC for a long time, IC has never traded TRAC in any direction but long, IC is not an employee of TRAC, IC is not compensated by TRAC in any way, IC is simply a shareholder of TRAC, IC's opinions are only his own and do not represent those of TRAC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext