Monday, June 22, 2009 4:40:13 PM
Just speculation: The Italian Oven Press Release giving the ticker symbols of what they allegedly acquired, to entice speculators, to dump on to retail, is a possibility. This is especially true in a thinly traded security when they would like to take profit or get out and cannot without bid support. For reference, see the various Trust Preferreds charts from June 8, 2009 through today, the date of the Press Release of Italian Oven. They all have plateaued or decreased in price per share as opposed to continually climb before their Press Release.
This is a strong possibility.
FYI for eeryone else: When articles talk about unsecured debt, for example, trading at .15 cents on the dollar, it is in reference to SENIOR debt, not subordinated or jr. subordinated. This is a VERY big difference that people should be able to differentiate.
The above is my opinion.
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