"Has anyone talked about this yet? "
Not as far as I noticed.
I don't know anything about the issue, so I looked back and found that his previous 13D (in 2003) carried the same phrase. I also noticed that the instructions call for the following:
(4) Classify the source of funds or other consideration used or to be used in making the purchases as required to be disclosed pursuant to Item 3 of Schedule 13D and insert the appropriate symbol (or symbols if more than one is necessary in row (4):
Category of Source
Symbol
Subject Company (Company whose securities are being acquired)
SC
Bank
BK
Affiliate (of reporting person)
AF
Working Capital (of reporting person)
WC
Personal Funds (of reporting person)
PF
Other
OO
So, if I understand correctly, the Pike phrase blurs the categories by implying that while the funds used were working capital funds, some of those funds could have been borrowed using securities as collateral. I looked over a bunch of 13D's and did not see similar "qualifiers". Is that the issue that has your interest and, if so, why? Or is it something else?
BTW, Happy New Year!
