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Strategies & Market Trends : Beat The Street With SI Traders
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To: Sexton O Blake who wrote (61715)12/1/2010 12:57:50 AM
From: czechmate  Read Replies (1) of 233893
 
Bruce Mitchell's modus operandus is to buy distressed or deeply undervalued assets from all indications I get. One thought I have here is that Mitchell was asked to reduce his holdings in order to get a deal done with a new group,after all a new group would probably not be comfortable with an outsider holding near 20% of the issue,that could and probably would be a deal breaker. It is possible that he needed to get under the 10% threshold and he would be there now on a fully diluted basis,{not sure how that is classified}, and may have to off a few more if not but it seems rather clear that they will do a substantial raise where he could come back in with a sweetener as part of an agreement.
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