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mattp_160

08/02/16 10:27 PM

#591 RE: michaelmerriman #590

I also believe that this is being manipulated down for a reason. I couldn't help myself today and added 100 more shares at $5.65. I know I told myself I wouldn't buy again until the down trend is broken but I honestly think this will rebound in the near future. Right now I stand with 600 shares (not much but enough for me) at an average cost of $6.39.

jugs

08/03/16 8:36 AM

#592 RE: michaelmerriman #590

After just a superficial read-through due to pressing obligations, it looks to me like this is a move designed to reformat their cost basis via a back door approach. Moves are invariably made for monetary advantage. They are improving the odds of not being dragged through the neighborhood by the area stud known by the name of RINs (no Tin Tin is part of the equation). In effect I believe they are "repatriating" cash without having to give up first rights of refusal or acceptance. Icahn can easily reclaim lost turf given up by this action with zero cost sustained, thanks to allowances guaranteed by those percentile numbers furnished. Too, they're in no way threatened by the surfacing of a competitive bidder.

Probably a wise move, given that there doesn't appear to be much reason to expect renewable's policy as administered by the government to be relaxed any time soon.

Caveat:

I may not have this right, so press on with your appeal for more understanding.