Wednesday, October 21, 2009 12:20:45 PM
On yahoo board someone suggests it could be that there were warrants excercised and the shares then sold. That sounds plausible, but who would be buying such an amount of shares, if not an institutional buyer it has to be an insider (could only be Mr. Cao) or the company itself?
If it were warrants than the company has been paid 200,000 x $8 and it had to pay 200,000 x $12.39 if they bought the shares back themselve. Not a bad deal paying $4.39 a share...
Does a company have to file that with SEC? (buying back shares, I mean)
Or am I missing something?
Time will tell and I don't think we will have to wait long
If it were warrants than the company has been paid 200,000 x $8 and it had to pay 200,000 x $12.39 if they bought the shares back themselve. Not a bad deal paying $4.39 a share...
Does a company have to file that with SEC? (buying back shares, I mean)
Or am I missing something?
Time will tell and I don't think we will have to wait long
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