BB Liquidating Inc. (BLIAQ)

[fredman]

In 2005, Carl Icahn spent roughly $320 million on his stake at a time when BBI was over $10 per share. According to a recent SEC Form 4 filing, over the past few days, Carl Ichan sold 14.3m shares of BBI at an average price of $0.26.

I believe this was done to offset other gains for tax purposes. This would explain the continued selling pressure on BBI over the past several days. At any rate, this is a great opportunity for the individual investor and I expect a rebound from these depressed levels, imho.

Source:
http://www.sec.gov/Archives/edgar/data/921669/000114036110014209/xslF345X03/doc1.xml