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SK3 Group Inc. SKTO
Posted On: 01/26/2014 10:47:12 AM
Post# of 36729
Posted By: buggs
Re: bellsandwhistles #19534
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.













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