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Thursday, January 10, 2013 4:55:42 PM
Remember, the float is just under 58 million, so almost 10 million were taken out of the mix today. Remove my 11.6 million and now the float is only 36,400,000.
They can't buy too many more before the makers will have to start selling air shares.
So....maybe that is what they wanted to achieve with the whole 8-K rs rhetoric. Make everyone including the makers think GLTV is done. Get them to sell millions of shares that don't exist. Then hit the wires with the merger, a symbol/cusip change and demand that all GLTV shares be returned. This would create an NSS of epic proportions.
In my 16 years of trading, I have yet to be a part of a big NSS play. I have heard about some 5,000 - 10,000% runners with these rare events.
Could GLTV and AA actually be setting up a huge NSS play?!?!
If so, then we are all going to make some massive cash!
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