Savvy Trades and Investments

[cliffvb]

LPI All those Warburg shares are what has kept me from buying a nice chunk of shares in this one. Fund IX was established in 2005 and is being liquidated. Fund X was established in 2007 and may also be going into liquidation before long. I doubt he Warburg would simply move the shares into a newer fund as their forte is buying equity interests in private companies.

Fund IX holds about 9 million LPI shares and X holds 40 million shares so we are talking about a lot of shares. Some speculate that IX may have already liquidated their shares but there has been no public disclosure of that. Also, since Warbug officers sit on the board of LPI, I don't think they are allowed to sell shares as we near earnings report.

I've also been following the saga on SA and would like to know more facts. It is mostly conjecture at this point.