The short answer is I don't know. We should be
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(Total Views: 499)
Posted On: 06/09/2025 9:24:18 AM
Re: chazzledazzle #153976
The short answer is I don't know.
We should be able to find out how much principal is left on the Fife loans. I used to keep track of it, but I haven't for a while now. I would guess that we have maybe 12 million or more left.
I would guess that a large percentage, perhaps 75% of the Paulson broker shares have been churned. I can't imagine those guys hold on to their shares. I would guess they just liquidate whenever they can do so for a profit.
I would guess the largest overhang is shares and warrants sold to Paulson investors. The ones with weak hands. Paulson investors was the largest share count anyway. I don't have any reasonable way to estimate this. But if I had to make a wild guess, I would say maybe 400 million shares.
On another note, one of the previous posters didn't know why these shares are sold short. It is because they are held not as registered in the float of shares. They are held at CompuShare. Therefore, in order to sell them, they have to be sold short. But as I mentioned, you don't have to cover by buying on the market, as you actually have the shares. It's a technical issue given how the shares were registered and held and how the share count/ transaction is fulfilled.
In some cases, I have gone through a very obscure process to remove the restrictive legend from the shares and get them registered as freely floating shares and deposited into a traditional brokerage account. At that point, they are treated just like normal shares. But the process is painful. So, almost every one just keeps them in CompuShare and ends up having to sell short when they decide to sell sell.
We should be able to find out how much principal is left on the Fife loans. I used to keep track of it, but I haven't for a while now. I would guess that we have maybe 12 million or more left.
I would guess that a large percentage, perhaps 75% of the Paulson broker shares have been churned. I can't imagine those guys hold on to their shares. I would guess they just liquidate whenever they can do so for a profit.
I would guess the largest overhang is shares and warrants sold to Paulson investors. The ones with weak hands. Paulson investors was the largest share count anyway. I don't have any reasonable way to estimate this. But if I had to make a wild guess, I would say maybe 400 million shares.
On another note, one of the previous posters didn't know why these shares are sold short. It is because they are held not as registered in the float of shares. They are held at CompuShare. Therefore, in order to sell them, they have to be sold short. But as I mentioned, you don't have to cover by buying on the market, as you actually have the shares. It's a technical issue given how the shares were registered and held and how the share count/ transaction is fulfilled.
In some cases, I have gone through a very obscure process to remove the restrictive legend from the shares and get them registered as freely floating shares and deposited into a traditional brokerage account. At that point, they are treated just like normal shares. But the process is painful. So, almost every one just keeps them in CompuShare and ends up having to sell short when they decide to sell sell.
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