Legion filed a From 4 showing DISPOSITION ( Selling) of shares not buying. They owned about 12 million, and sold 2.. SO yes they sill own about 10 million. So yes, i agree, why?? Agree that possibly the know something.
The question as to when they Acquired them, i don't know. I was looking for a filing and was not able to find one, but my guess is it was before the chapter 11 issues started.
I also think your incorrect on this being a revers merger play and the seeking alpha analysis being irrelevant. ( In my opinion) Its fact that HTC did buy the assets for about 90 mill,and assumption of some debt. The company used those $$ to pay the DIP financing and other debts. ( as analyzed in the seeking alpha article). The play here for now is that there are still $$ left over after the sales and debt pay offs, and that will be distributed to the common holders.( according to the analysis, some were between .16 to .45 per share) Since the corporation no longer operates as Ciber (all assets were sold) , but the corporation is still in tact, ( shares not canceled) they changed the name to CMTSU liquidations to come out of bankruptcy and distribute ( Liquidate) the access funds.
The idea of a revers merger is interesting, but at this time, nothing to support it. But there is DD to support the cash pay out.
just keeping it real !
I am long and hoping for the best here as well !!
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