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Re: daBoze post# 79021

Monday, 01/27/2014 9:19:11 AM

Monday, January 27, 2014 9:19:11 AM

Post# of 146240
IMHO your characterization of "a 'no news' attempt to stanch the flow of blood resulting from the re-fi." is totally inaccurate. It is never bad to reiterate that a very good rate of progress is being maintained.

And the "blood resulting from the re-fi" is due to a gross misinterpretation of an offering that priced 25 cents HIGHER than what the SP was at when the VWAP period began. Please explain just how exactly that is "bad". Are you claiming it would have been better had the offering priced at 25 cents lower instead (which would have meant thath the SP had gone down a buck instead of up a buck), that would have been good?!? (I strongly suspect that if that had happened you'd be screaming to the heavens about the SP drop instead of the offering executing at above the SP at the END of the VWAP!)

THe offering price should be compared to the SP AT THE BEGINNING OF THE VWAP because that's when the offering was bought. Comparing it to the end of the VWAP is completely inappropriate and reverses the correct interpretation of the offering price.

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