Home > Boards > US OTC > Insurance > Scottish Re Group Ltd Perp Pfd (SKRUF)

Volume may be picking up due to certain

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Enterprising Investor Member Profile
Member Level 
Followed By 206
Posts 10,732
Boards Moderated 6
Alias Born 04/05/09
160x600 placeholder
Enterprising Investor Member Level  Friday, 12/14/18 06:46:15 AM
Re: insomniac post# 228
Post # of 248 
Volume may be picking up due to certain investors having access to better information.

Only a creditors who could provide evidence of a claim were given a seat at the table. Once there, they were briefed on the progress of the liquidation, discussed reports and voted on the liquidators’ compensation plan.

If the story was good, some creditors would naturally want to begin building a preferred stake. I have no idea if there are any constraints to using the information legally. A lawyer would need to chime in.

Building a meaningful stake without moving prices requires patience especially when the security is trading pink or gray. I get frustrated on a regular basis as my bids at or above 52-week highs consistently get beat. Competition is good in one aspect - the investment slowly becomes worth more over time despite no news.

It should be noted that insurance company liquidations can take a very long time to resolve. I’m currently involved in two (PRSG and AICIQ).

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist