Obviously.....
There are a few gentlemen on this thread that appear to have little to do in their spare time. LOL For me Saturday is my best reading time. I did a historical study of Hudson Bay for the past two years. I am fairly confident that they have sold every share they owned of DSS. Not only that, my guess is they purchased those PUTs as a final curtain call. Let me explain:
Hudson Bay has been an early entrant in many companies in the IP sector. VHC/PRKR/VRNG/ACTG/DSS. They are agnostic in regard to any upcoming future events such as Markman or new news. They get in with tons of free shares and as they get to the merger point they purchase PUTs since they know they are going to be able to sell and drive the prices down. They have done this with every company listed and most recently VRNG. This is a very important item to remember in future plays of IP specific stocks where HB is a key player. The 5.4M they received were never registered and they sold the 580K they were holding last quarter. My guess is they are out of the PUT business by Friday. They will have had July/August to dump those PUTs IMO. These guys made an absolute killing. IROQUOIS financial is like the little brother that always follows his big brother. I have noticed they work in a similar fashion but on a much smaller scale. This my friends is why the price has reacted with no news since merger. Anything put out by the company would be a waste of time in my opinion due to this wholesale carnage of HB. There is a silver lining in my opinion. I truly believe we are close to the end if my estimates are correct. When this stock is allowed to trade normally, these prices will never be seen again. We are very fortunate to have a small O/S-Float. This is why TA and FA have been useless. I am also willing to bet DSS is well aware of exactly what is going on. Since options are time sensitive I see no reason why HB wouldn't want to be completely out by AUG strike. With potential Markman run-up in Sep they would not want to have to fight that wave. Gents, They have done this in every single instance. I didn't bother checking all their other plays and stuck to IP specific history. I can't rememember how many times I have read articles and posters talk about how great it is to get in since HB is involved. I can guarantee one thing, I know any merger will be succesful and I also know I will be out two days before any merger is completed. This is a lesson well learned and should put in your kit bag for future opportunities when HB is involved. GL
