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Re: Bill Hilly post# 46824

Monday, 10/07/2013 3:20:04 PM

Monday, October 07, 2013 3:20:04 PM

Post# of 163718
You made it sound like NITE was the only one buying the millions of financing shares. I doubt it. We know for a fact that about 27m were issued so far this year. Lots of those went into strong hands as I pointed out. Alone FOI's group accounted for almost 10m shares bought in recent months. HB also reported massive buying from different groups, the most recent ones being from the mid West in early summer and from Charlotte in late summer to my recollection. Their collective group added about 20m this year, mostly in the last 6 months if I am not mistaken. They went from about 12m about a year ago to now 32m. Many Swedes and other longs (myself included) have also added millions of shares, thus maintaining Swedish collective ownership at a constant 50% + in a period when the o/s increased very rapidly, about 40m since Oct 2012. This implies that Swedes as a group of 2,000+ has added about 20m shares in the past 12 months. So I Donot see too many shares left for NITE to buy in that same period in order to validate your theory. Unless you come up with solid tracking of sharer counts I doubt that the NITE theory holds any water. No offense but that's what I think.

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