justthefactsmam Wednesday, 06/10/09 07:09:08 PM
Re: th0th post# 2927
Post #
2928
of 3894
yes, i purchased 30,000 at $0.39/share during the first week of march, prior to the bk filing. i sold 5k shares at 2.35/share and recovered my cost basis and retain 25k shares which i intend to hold through the bk process. i'm long general growth and intend to stay long and i'm betting on the fact that ackman and the bucksbaums, as holders of at least 50% of the company, will do everything possible to preserve equity. however, i do believe that those equity holders who purchased stock prior to the bankruptcy will do better than those who purchased after the filing so long as any equity holders survive. the only thing which would make me get more shares at this point is to see that insiders or major holders have purchased additional shares after the bankruptcy filing. are you long as well and are you a pre or post petition shareholder?
