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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (209051)	1/6/2012 1:39:54 PM
From: Boolish	Read Replies (1) \| Respond to of 313046

First time I've given it a gander. Watching that block at 9.90 to see if he comes down lower....

To: Canuck Dave who wrote (209051)	1/6/2012 1:50:30 PM
From: stuffbug	Read Replies (1) \| Respond to of 313046

CKG - Could be a fund with a ton of warrants selling stock so they have the cash to exercise the warrants. If the fund pays the manager a 20% performance fee, the manager could be looking to lock in a profit. For example, sell 300,000 shares at $10 (3 million) with a book value of $6 yields a 1.2 million profit. Performance fee = 240 K. Then exercise 300,000 warrants at $8 (2.4 million). Net cash positive, even after setting aside the funds for the manager bonus.