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Sunday, April 10, 2016 10:10:42 AM
Maybe Les gave us another (huge under the radar) hint, the $M's difference could be income realized/earned.received. And that also means that negotiations could be further ahead or over and additional income could deb coming in. If you are certain that the numbers add up to a lot less he might have just given us a huge gift, that would deb the only thing that truly makes sense and something that he could state.
A change in cash that significant would be clearly be material and can not be selectively disclosed. The could wait till the next quarter results, or publically announce it now via a PR/8K. But they can not tell selected individuals.
That is the exact point of Reg FD. Companies can not release material events in private. They must be made public if disclosed at all.
So, why are longs happy to see Les (supposedly) violating SEC laws?
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