Steve,
Re: pushing its stock down via short sales and long sales, and then just when it is so grim that noone wants it and wants to throw away their paper certificates of ownership, the bear raider covers the short and grabs major positions in the company.
Amber already has 48% of the company, and after the next stockholders meeting, they can call for a board meeting whenever they want.....
The only thing I'm not sure of is Amber real motives here. They don't seem the type to throw away money just to own a majority stake in a disk drive company. So what are they after... capital gains, of course... but how? Do they have some insight about a pending event.....what? New OEM, merger, buyout,.... Owning 48% of nothing is just as big an asset as owning .0001% of nothing. So what could it be... hmmmm. Perhaps they know of a company that wants to pick up a fully functioning, staffed, disk drive fabrication site in a third world (no flames intended, but the Indian wage scale probably qualifies for this ranking) where the Asian money problems would work to the advantage of the factory owner.... that could be sold off if JTS ran out of cash and went 'on-sale'. Or perhaps they know of some OEM that wants to second source a comparable drive from a cross-licensed 'partner' to offset the expense of manufacturing their own drives. Or maybe they were just two rubes with lots of cash. Perhaps we all are....
Re Your questions... If you don't see anything on PRNewswire, then IR is about the only source of any data. And IR is only told what the company wants the outside world to hear...........
Probability says that there will be a BIG batch of distractingly positive news releases via PRNewsWire, just before the quarterly report. All the news releases will contain the 'boiler plate' that says that any foreward looking statements contained therein may be BS and never come true. Just to avoid getting sued.
Ben A. |
