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GuyBig

10/20/14 1:27 AM

#21343 RE: yesmistermorningstar #21337

CARLYLE & YRCW

Carlyle's investment in YRCW and aubsequent stock sale are not material to Carlyle's financial statements. Carlyle would not be required that much about it per GAAP.

Carlyle's sale of YRCW was broker assisted. A brokerage firm bought Carlyle's position and then sold the shares into the market over several days.

A brokerage firm held the stock in inventory for several days while YRCW declined in price. They surely managed to make money as the stock went down, most likely by lending out the shares they had.