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Monday, July 08, 2013 9:57:32 PM
Now I may be wrong but perhaps you are better equipped than me to answer this one.
Hudson Bay was scheduled to get 3M+ shares of preferred stock. Now they already were at the 9.99% level or very close with the common stock post merger numbers. That 3+M .02 warrants would pose a problem regarding reporting for sure and probably other things as it would put them over that 9.99%. I know from experience that companies like Hudson do not like that regulatory guidance and they are normally well under that limit in deals like this so as not to have to open the books. PERHAPS and I am saying pure uninterrupted speculation at this point, maybe that 3+ million shares are finding their way to the market so as not to go through that 9.99% ceiling. This may be totally FUBAR but would like to see your thoughts.
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