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Re: None

Tuesday, 05/18/2010 5:19:46 AM

Tuesday, May 18, 2010 5:19:46 AM

Post# of 214
I hadn't noticed this before

http://www.sec.gov/Archives/edgar/data/1470683/000143935710000001/0001439357-10-000001-index.htm

I've actually met Brian Taylor before in a previous life when I did research for a hedge fund-of-funds. Pine River is a fairly large player in the equity derivatives space (CBs/warrants). They do a lot of vol arb, but also take outright positions in fundamentally undervalued securities ... I assume that's what their play is here since the warrants are

a) cheap
and b) there's zero chance of getting borrow/using the common to delta hedge given the liquidity =)

Looks like they began buying in mid March
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