InvestorsHub Logo
Followers 1
Posts 632
Boards Moderated 0
Alias Born 12/09/2004

Re: cappttenron post# 9187

Monday, 06/16/2008 4:45:31 PM

Monday, June 16, 2008 4:45:31 PM

Post# of 97362
I'm sure there is some dumping going on. Those 748 mill shares went somewhere. The whole key to this thing is whether the r/s happens pre- or post-merger. If the former, we're toast; if the latter, it's all good unless they follow that with massive dilution. My guess is the R/S approval is to allow r/s for the move up to the big board. I think JPT will be sellling to institutional investors, not dumping on the retail market, but who knows. With Peacock, it's just as likely we're gonna be hosed.