I realize we are all focusing on Hudson Bay selling a good amount of their position because with the lack of news... there isn't much else to talk about except the 'depressed' share price.
In the end... it really doesn't mean anything to any of us and here's why.
1) We have no idea why they are selling... really we don't. We can only speculate. They may have set up a deal with another company to mimic the warrants they gave up to get these shares. Yes, just like Vegas, there are many groups who would take these odds. Why would they do this? Private Options; Puts and Calls.
Hudson will most likely keep 30-50% of the 8 Million ( I think that was the number) of shares they got so they have a good long position then they sell the rest, now they have cash but depending on what they've negotiated, they may have private options to buy at predetermined prices if they hit at specified time frames and they have some cash out of the stock as a prudent move of risk mitigation.
My point... there are many more ways to play stocks than the average retail knows about or has access to. Trying to figure out why someone else is doing what they are... is a waste of time. You'll never really know.
2) DGLY is a great example of why following the movements of a financing co is meaningless. Last Summer (go back and read PRs if you want more insight or just want to kill time ;) ). This guy sold his whole position because the co didn't want to pursue the financing he was pushing... All kinds of trash talk was bantered about.. he pumped the stock and sold out (over a million shares) around $6-7. Then the stock tanked down to the mid- $3s.... Sad story for Longs, right? Wrong. Ferguson, MO happened. If you believed and stayed Long... a Short squeeze then took it over $30s a share... and fast! Maybe this guy tried to punish the share price then bought options... so he could win both ways. Only he knows.
I believe in Susman.
I believe in 55+ Claims being valid and enforceable.
I believe ATVI will settle... When? within 18 months but once Markman comes back... and the rules (and language) of engagement are defined they would be wise to rethink their stance. Treble damages for willful infringement alone is good reason. Susman has more fish to fry... they can lever that and pay a little less and let someone else become Susman's target.
Casper had some rough weather (which slowed the Courts greatly this past Winter.
Also, there are many claims here. The Patent Arena had an eventful year. I believe Casper has been gathering information in her fact finding mission to help her make the best decision... Who know how long that is taking or how many Experts she engaged. My experience with the Courts has taught me that quick is usually bad for the Plaintiff. Everyday this goes longer... the more my confidence grows.
So... if you see what I see... then Hudson has been a good friend to you. They have given us shares at prices I thought we'd never see again. I have used their actions to slowly build my position.
Time will tell if I am right but one man's trash is another man's treasure. None of us always see the treasure or the trash for what it is. I believe Hudson's trashing WDDD has allowed me greater treasure.
GLTALs
