LP, maybe the TMF folks are reading the SI boards,
On the subject of the possibility of B&T owning > 10% of
AMZN, look in:
#10617 Message 5216100
#10621 Message 5216548
#10622 Message 5216801
The gist is, one filing says that B&T is (perhaps) a > 10% owner,
but there are no online filings that corroborate this.
As recently as mid-May B&T did not show up on the pre-14A
(shareholders meeting) proxy. Also, coincidentally, AMZN approved
a shelf offering of 5M shares in early June, and 5M shares happens
to be a little over 10% of AMZN. Perhaps a deal was done in mid
June with the idea of not announcing until this week (7/22)
when earnings come out.
So, imagine the following: B&T does a deal where they receive 5M
shares from AMZN as a pooling of interests, taking B&T public
(it is a private co. now) by merging with AMZN.
However, the owners of B&T see the
opportunity to at least capitalize a bit on AMZN's sky high price,
so they sell some shares (not many: just 300K shares) in the open
market that they already owned, perhaps even as part of the IPO.
But, now that B&T are technically a 10% owner they have to report
the sale. Why don't we know for sure if B&T is a 10% owner? Perhaps
because this fact is on file in paper form at the SEC and hasn't
been digitized yet by places like Edgar Online (insider reports
are not electronic, or don't have to be, that's my understanding).
Or maybe B&T is waiting until the last possible moment (ie, earnings
announcement) to make the fact public?
It's all speculation at this point.
The "Insider" article you asked about was discussed a bit already,
in this thread:
#10779 Message 5238448
If anyone knows an easy way to refer to prior posts by number,
so their URL's are expanded properly, would you please send
me a private mail on how to do that? Thanks. |
