InvestorsHub Logo
Followers 0
Posts 27
Boards Moderated 0
Alias Born 03/31/2011

Re: Alphavol post# 28779

Friday, 05/13/2011 11:42:47 PM

Friday, May 13, 2011 11:42:47 PM

Post# of 35151
Alpha and others. The filing for Southridge is a procedure to allow them to sell without restriction should the shares be put to them by MCLN. This hasn't happened yet and may not happen at all. If however MCLN elects to put these shares this filing is required to allow Southridge to sell when they wish. I hardly think that a) MCLN will put shares at this level as they will receive a relative pittance in return and b) Why would Southridge sell immediately at break even or at a loss.
Join InvestorsHub

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.