Replies to post #1764 on AK Steel (AKS)

[Saving Grace]

Banks who shorted the hell out of this are upset, not shareholders. It's a simple tactic to slow the transaction as they are the only ones being burned for their crooked manipulation of the stock that is now, coming to an end.

Shares of AKS will be called in and reissued with AKS then becoming a subsidiary of CLF. Shorts are in full panic as they didn't expect this and need to cover quickly or be crushed and burned.

CLF dividend will also have to be paid by short positions.

[I-Man]

tedkov, sounds kinda similar to what CEO did couple months ago for DRYS, and screwed all Shareholders there, and had fixed settlement price, and then took company private after, he stole his entire company through another company Entity which he is CEO of. Should NEVER have been allowed bvy SEC in first place...

Now, I know this is a little different, but Shareholders never informed of this deal, all of sudden find they will only get pennies for what otherwise is/was a very lucrative company, yet stock held way down in this level for a couple years- just like DRYS. Nobody wins as far as Shareholder- Only Insiders/CEO...

Buy out, acquisition, merger, takeover, call it what you want. Every Shareholder lost and got screwed who was invested/holding on for years with the PPS so low as it was, hardly ever moving...