Friday, August 11, 2006 12:31:46 AM
Since Wessal is not the issuer, Do they still have to adhere with rule 10b-18?
But another question I have is, How can Wessal really even purchase 125 million in the open market when as per SLJB, they already own the shares, and then some?
There are just no more shares left, ZERO. With that said, there is no guarantee that Wessal may get to buy the whole 125 million. So, I think the purpose of Wessal here is to intercept shares from weaker hands when MMs are purposedly taking pps down thinking they can cover. MMs can’t buy back their shorts since Wessal is there waiting to buy. Checkmate? My only other question is, Has Wessal started intercepting buys?
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