Posted On: 11/06/2012 6:12:52 AM
Post# of 16816
If I have time I'll email Matt and ask about it.
The big point is that there's no way BCAP can trade at $0.0001 because that's at cash (just for the RIGH debt).
I believe the 4 MM's I listed earlier got greedy. They opened massive short positions hoping to cover at $0.0001. Now they're stuck underwater, which is why all the iHub bashers who work for them keep showing up.
I don't know what would be better for shareholders: the loss of 2B shares in the event of a massive buyback, or a tiny O/S remaining thereafter.
The big point is that there's no way BCAP can trade at $0.0001 because that's at cash (just for the RIGH debt).
I believe the 4 MM's I listed earlier got greedy. They opened massive short positions hoping to cover at $0.0001. Now they're stuck underwater, which is why all the iHub bashers who work for them keep showing up.
I don't know what would be better for shareholders: the loss of 2B shares in the event of a massive buyback, or a tiny O/S remaining thereafter.
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