InvestorsHub Logo
Followers 0
Posts 984
Boards Moderated 0
Alias Born 02/26/2009

Re: PlanMaestro post# 315

Saturday, 12/04/2010 4:08:03 AM

Saturday, December 04, 2010 4:08:03 AM

Post# of 323
http://thediligentinvestor.blogspot.com/2010/11/look-at-middlebrook-pharmaceuticals.html

I would also add the following as a recent update to the situation:

At first blush, Blue Ridge does appear to have just bot 8% of the outstanding shares of MBRKQ based on SEC filings. What is interesting is that Blue Ridge has invested alongside of Sam Zell's Equity Group Investments(EGI) on a number of occasions in the past few years. EGI held over 30% of the O/S of MBRKQ and were seated on the Board but dividended out their entire holdings to their investors on 11/22/2010. This is likely where the selling presure has come from lately. The only reason I say that Blue Ridge "appears" to have bot is that with their close ties, it is possible to deduce that Blue Ridge is one of the groups that had invested in EGI itself and thus only received a distribution of the shares that EGI just dividended out.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.