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Re: UpstateChris post# 24731

Monday, 03/14/2011 12:32:04 PM

Monday, March 14, 2011 12:32:04 PM

Post# of 34471
I remember reading in one of the short articles that Starr was apparently trying to urge CCME to do a $100M offering. Whether true or not that would certainly be a large stake, greater than 5% and I wonder if they didn't halt the stock while negotiating with a large institution if that is reasonable grounds for a halt.

I'd imagine if CCME is legit then a big player would like to use the depressed price for a good deal maybe at $15 or $16 a share and perhaps they have already bought a large number of shares off the open market so with the additional shares it would give them an even larger stake.

Just some more food for thought.
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