I believe that in the Porsche / VW squeeze, the announcement was made over the weekend.
If the truth is: real company. valid model. $150 million plus in the bank...
then there may be no better strategy than what was done here...
- the drama will get huge media coverage - including coverage of the short bashing / etc if the story plays out on the value side. In order for CCME and others to prosper in the U.S. Capital markets - the sentiment of the market has to change.
Announce over the weekend - guidance for earnings, & that the SEC forms will be filed on Wed and open stock Monday morning for trading...
As a long, I'm p.o'd at the shorts and what I perceive as manipulation. If this story plays out as above, CCME will for sure be a hero to the longs for pounding and pounding hard, the shorts.
Who knows, but I'm glad we've all placed our bets -- making this a long weekend - no matter what side of the bet/deal you sit.