Thursday, October 23, 2014 5:23:38 PM
My guess is it's Hudson. I think they are using this tactic to reprice their warrants much lower than the present stock price to fill in their existing short. Companies that do these types of toxic financing deals w/o floors on them do not go long the stock and hold it. They sit on a stock price, selling it short, using their mm exempt status and then fill in that short with their discount stock they get on the conversion.
I am thinking that Hudson is getting a bit impatient and want to get out of this investment. They know they aren't going to see the end of this lawsuit, but i think they are trying to force Kidrin's hand to settle and give in. So, right now with every share they potentially short they are at risk on and that is not a good sport to be in. Their risk is the difference between the current warrant execution px of $1 and whatever their ave. px on their short position is.
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