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kingoraschmuck

02/29/20 10:33 AM

#10280 RE: gempicker #10279

Ok Gem, good speculation on Equine sale. My question is why and how could it have been forced? Yes, SOAN did make a very strong point to state that in no way would Equine or Atwood have any say or position on the board. But, excuse my ignorance, how could they force a sale. Makes sense they would want them out before a M&A could take place, that combined with resolving the dispute with Summers, but why and how can they force a sale and Atwood go along with it?
If I’m Atwood I tell them to screw off and no way am I selling at a major loss, unless there is something in it for me.
Just trying to connect all the pieces here. Summers settlement happens. Equine sells. Funky trades occur with a buy registered to look like a sell. Either this company is done and finished or something bigger is going on behind the scenes and hopefully we find out soon.
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SherpaDerpa

03/01/20 3:32 PM

#10287 RE: gempicker #10279

I never did quite understand why someone would so aggressively take such a large position in this stock. Like many, I speculated that Atwood probably knew something we didn't. It would make sense that he could be privy to some form of insider information given his ties to DR and Houston circles. The company seemed displeased when he took his position the second time around, which only furthered my speculation that something was in the works beyond what has been publicly stated. They seem to have progressed with other corporate maneuvers that could be considered necessary for a M&A, and so I am curious if Atwood was a final piece? Like many, I'm not sure how you could force someone to exit out of a position, especially at such a loss. Is it possible that the SEC investigation on Atwood may have had something to do with his recent disposal? And who was waiting to absorb the 50 million shares that were sold Feb 25 between 930 and 10am when he made that exit?

Hoping we hear something from the company soon.