Linc,
She supposedly had a conversation with Ali where he supposedly told her that he believed the Majority Stakeholder was almost done buying those 254,000,000 shares.
Sounds legit right?
A PR comes out over a month ago saying a Majority Stakeholder COULD POTENTIALLY be looking to increase its stake in the company and then POOF...no word out of management, nothing...but then a supposed phone call occurs where Ali tells her he believes, based on the recent volume that the Majority Stakeholder is almost done buying...
Oh yeah ! That sounds super legit.
Also... According to her post... They had 1.5 billion shares...then bought more to have a total of 1.8 billion AND THEN UBRG REPURCHASED 300,000,000 which would mean that between the Majority Stakeholder and UBRG they owned between 2.2 and 2.3 billion shares???
SOOOOOO...with all this buying going on around here ... Why is the stock falling...
I mean... According to her math:
1.) Global owns 1.82 billion shares.
2.) UBRG cancelled 300,000,000 reducing the I/O to 2.2 billion
3.) That leaves roughly 400,000,000 million shares out there in stock land.
Hmmmmmm...
Lets go ahead and subtract Ali, and Guests holdings...
So what's left of the float?
If her math was correct, and if her assumptions were correct the stock would be rising, not falling.
The barometer is the stock direction. It is falling so it MUST mean her math is wrong.
Nobody but Global's Delong had 300,000,000 shares to conduct a private negotiation with.
Global sold the shares to UBRG.
It ain't rocket science. It wasn't even a real deal...it was a left hand to right hand repurchase versus a genuine, bonafide repurchase from a third party.
Wall Street isn't stupid. If there were value here, they'd be here buying up whatever was left of the float and you'd see this stock soaring...but Wall Street knows its a scam and that's why it's falling.
