I'm posting this here and not on IHUB because this
Post# of 11040
Posted On: 09/14/2015 4:21:00 PM
I'm posting this here and not on IHUB because this will be a perfect excuse for bashers to bash but here it is:
In the conversation with E-trade I also asked about the halt and the agent said that she was not sure but insinuated it was not likely related to the litigation being filed. I was also told that there was currently regulatory scrutiny on the company.
While I wasn't able to get who was the regulator scrutinizing company, there are IMHO 2 scenarios...
1) Since under the merger, we are going private, FINRA looks at the merger very closely to protect investors (it could have been the reason for the halt if the news was about to be released).
2) Another regulator (SEC) is looking at the matter to ensure everything is ok. IMHO this one is unlikely as the halt would have been initiated by SEC.
In the conversation with E-trade I also asked about the halt and the agent said that she was not sure but insinuated it was not likely related to the litigation being filed. I was also told that there was currently regulatory scrutiny on the company.
While I wasn't able to get who was the regulator scrutinizing company, there are IMHO 2 scenarios...
1) Since under the merger, we are going private, FINRA looks at the merger very closely to protect investors (it could have been the reason for the halt if the news was about to be released).
2) Another regulator (SEC) is looking at the matter to ensure everything is ok. IMHO this one is unlikely as the halt would have been initiated by SEC.
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I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.