My bad. The event was 1/14/19. “Activist Inv
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Posted On: 11/29/2019 4:04:00 PM
My bad. The event was 1/14/19.
“Activist Investor 13D, 13G Filings
This page shows a list of all the recent 13D/G filings made by Creek Mountain Partners, Inc.. Schedule 13D is commonly referred to as a “beneficial ownership report.” The term "beneficial owner" is defined under SEC rules. It includes any person who directly or indirectly shares voting power or investment power (the power to sell the security).
When a person or group of persons acquires beneficial ownership of more than 5% of a voting class of a company’s equity securities, they are required to file a Schedule 13D within ten days after the purchase. Click the link icon to see the full transaction history.”
Should have been filed by 1/24/19.
My theory on this - and it’s just a theory is tha CM was an early investor in Olaregen. They were forced to sell their stake. The cash they received was enough to cover their initial investment. Knowing they are not due dividends and that the share price would be cut in half they just started unloading. Using hypothetical numbers. If you have 100 shares at 2.00 you know the pps is going to go down as a result of the div. You sell down to an avg of 1.20. Even if the div occurs at 80 therefore reducing the share price to .40 you can buy the shares to cover the owed div and still be at the pre div price.
Paul am I right on this?
“Activist Investor 13D, 13G Filings
This page shows a list of all the recent 13D/G filings made by Creek Mountain Partners, Inc.. Schedule 13D is commonly referred to as a “beneficial ownership report.” The term "beneficial owner" is defined under SEC rules. It includes any person who directly or indirectly shares voting power or investment power (the power to sell the security).
When a person or group of persons acquires beneficial ownership of more than 5% of a voting class of a company’s equity securities, they are required to file a Schedule 13D within ten days after the purchase. Click the link icon to see the full transaction history.”
Should have been filed by 1/24/19.
My theory on this - and it’s just a theory is tha CM was an early investor in Olaregen. They were forced to sell their stake. The cash they received was enough to cover their initial investment. Knowing they are not due dividends and that the share price would be cut in half they just started unloading. Using hypothetical numbers. If you have 100 shares at 2.00 you know the pps is going to go down as a result of the div. You sell down to an avg of 1.20. Even if the div occurs at 80 therefore reducing the share price to .40 you can buy the shares to cover the owed div and still be at the pre div price.
Paul am I right on this?
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