Since we're all bringing up conspiracy theory's, how about this. The shares were rapidly approaching a level that would have caused Starr to convert the preferred shares to common, $25 for 20 out of 30 days or $30 would make the market cap 1.2B. The short position first started rising when the share price was approaching and cracked the $14 level..another level that altered the Starr deal, in that $14 for 20 consecutive days allowed the company to call in the Starr warrants..something that didn't end up happening for 8 more months.. What is 8 months of having an extra $10M worth to Starr? What is a few more weeks of Starr's preferred shares worth to Starr? For one, a fresh Deloitte audit. Not sure what other motive Starr might have to have MW and Citron allege fraud, other than keeping that preferred share status a little longer..
Just a random thought..
If it don't make dollaz, it don't make sense. -DJ Quik
