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Steuvin

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Steuvin

Re: gulf shores man post# 983

Saturday, 12/29/2012 8:26:37 PM

Saturday, December 29, 2012 8:26:37 PM

Post# of 4147
Makes sense. Here's what might have happened: A third party wanted in without causing a huge rise in price, and without having to pay up. Frost agreed to sell PGLC and turned around and bought CRGC. He came out about 20% ahead because of the arbitrage spread and helped get a sizable investor in.

I don't know that that's what happened but it certainly looks plausible. PGLC fell a bit during the period of the Frost sells and CRGC went up a bit. That would fit in with my speculation.
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