SONS Message Board - Msg: 24144726

STOCKTALK

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 : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cooters who wrote (1280)	12/18/2007 12:01:45 PM
From: estatemakr	of 1575

It is strange. Senate now owns 64 million out of 268 million shares outstanding, or 24% of the company! Can anyone else think of a similar situation, where a supposedly passive investor, waltzes in, and seemingly has the green light from both management and other significant shareholders, to accumulate such a large position??? No poison pill, no fuss whatsoever from other large shareholders.... Analysts are tepid at best on the stock, as I do not believe there is a single "buy" rating out there? Also, there are 27 million shares sold short, so if this accumulation by Senate doesn't cause a short-cover rally, then what happens when and if Senate buying dries up once and for all?? We see a big drop perhaps.......?? Weird. There is ZERO insider selling going on from those within the company. Interesting stuff.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next