111B SERVED
Mysteriously 111B shares went unreported through JEFF. I think it's excellent that this has become public knowledge because, good or bad, I want to know WHO unloaded here. It could be:
1) Urban
2) An "unfriendly" insider
3) Hedge funds
4) An "unfriendly" external entity (DeBeers?)
5) NITE or another MM playing pass the hot potato
6-10) other possibilities
My point is that anyone claiming to know WHO sold those shares is either privy to some very, very sensitive information or they are spinning the hell out of this letter. But the important thing to me is that that letter is out there and forms a reasonable basis to pursue an investigation into its source. Oops, we here at Jeff JUST noticed that for 6 months 111B shares were dumped on the market, and it took us 8 months since the last trade to come forth about this. Whoops. Our bad. Sure the total trading volume on nasdaq IN ITS ENTIRETY is 2B shares per day but we just kinda missed those 111B shares. LOL Anyway, whether it proves to be Urban or NITE, either way I'd rather have INFORMATION about this. So it's a good start.
SEC didn't seem to want it in the record and my gut tells me that usually you don't try to exclude evidence that might be damning to the opposition's case. Anyway, hopefully this letter leads us to INFORMATION, however I feel it will simply swirl arond in limbo for awhile as attorneys wrangle over its relevance and what or who it could implicate. Gonna be a long summer methinks.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
