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h_man_investor

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h_man_investor

Re: insomniac post# 151

Thursday, 10/18/2012 11:31:40 AM

Thursday, October 18, 2012 11:31:40 AM

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Well, you could argue the same thing for the company. While "that institution" would push the price down significantly if they sold, if the company wanted to make open market purchases of 750,000 shares it would push the shares much higher.

I guarantee you that "that institution" told SKRUF what their price was and the company agreed to it. Then they opened the offer to the rest of the shareholders. Let's be clear that "that institution" was not part of the tender offer.
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