Posted On: 01/26/2014 10:47:12 AM
Post# of 36729
I mentioned this before but the reason for the delay in the 3/1 forward split may be the fact that they may be buying back shares on the open market. It seems to me that it can be done following rule 10b-18. To me, forward splitting 700MM shares to 2.1 billion is not a good move vs. maybe 300MM (after repurchase) so 3/1 results in 900MM. Of course I'm probably missing something here in the rules but what a shock that would be to the shorts if it were to happen this way. Especially if the split is announced to take effect in a 3 day window. Follow up with the name change and we'd be on every financial radar scope in the markets.
I just remember Jan's Facebook comment... "never again."
Just my two cents.
I just remember Jan's Facebook comment... "never again."
Just my two cents.
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