Posts and resolve by Kidrin the CEO
1: I repeat, Kidrin the CEO did not seem to be concerned at all with the movement in the stock price. From what I can tell, it is not that he does not care, but he does not consider it significant on any decline in the stock price and seems to view it as temporary when compared to the final result at the end of the ATVI trial.
2: I, and I think others, would consider it significant that some holders of the stock are resorting to emails with people talking about the company. The reason is that considering the volume of the trading in the shares was under a million shares per day recently, if this group of people panic and dump their shares on the market all at once, it could cause another decline in the share price, or make it harder for the stock price to recover from any drop in price.
It is hard enough for many traders to hold onto a stock when the price is dropping, I think it will be impossible for this group of hysterical retail market to hold onto the shares if the price starts sliding. i.e. I do not see this group of holders in the common shares as being able to view it as an opportunity to buy more shares at a lower price, instead I see they will become more emotional and start unloading shares into a decline, making a decline worse.
Normally, I would not bother relaying my impressions from such a conversation, but this person seemed to be on the verge of out and out right 'bawling their eyes out'. This is something I have never seen before, even in other situations in the face of large losses on some trades I have know some people to take over the years.
3: I did suggest that they should consider selling their holdings before end of 2016, in order to take the loss for tax year 2016, then wait 30 days and buy the shares back at a lower cost once the 35+ million shares start to get sold into the retail market. The sender of the emails seemed to be completely unable to consider such a typical trading strategy that I consider it likely that when they finally change their minds, they will be in the middle of a full blown panic.
Louis J. Desy Jr.
