I agree to an extent but for different reasons. NS
Post# of 11038
Posted On: 10/16/2015 10:46:01 AM
I agree to an extent but for different reasons. NSS theory could be off the table but it isn't necessarily so IMHO:
1) Now that there has been evidence of conversions, downward pressure prior to the halt could be simply attributed to this (the most likely scenario). In practical terms, whether these conversions were authorized or not could play similarly to those shares were NS.
2) On the other hand, #1 assumes the company was not immediately buying those conversions (even though COR has stated the contrary). At least to me, actual float today is still up in the air, as I would not trust anything Etrade states. If company was buying back up NSS theory could still hold.
ALL IMHO. We haven't heard from TA in court, that should provide clarity as to what really happened.
1) Now that there has been evidence of conversions, downward pressure prior to the halt could be simply attributed to this (the most likely scenario). In practical terms, whether these conversions were authorized or not could play similarly to those shares were NS.
2) On the other hand, #1 assumes the company was not immediately buying those conversions (even though COR has stated the contrary). At least to me, actual float today is still up in the air, as I would not trust anything Etrade states. If company was buying back up NSS theory could still hold.
ALL IMHO. We haven't heard from TA in court, that should provide clarity as to what really happened.
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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.
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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.
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