If you are still talking the $6 buyin (which obviously would be dilution free) with a $35 share price around the corner and oil by April, why would $.36 look so much weaker than $.38?
RUBY1100, Is this the same company mentioned in the below article? The WP mentions UBS and you mention UBSS, are they the same? If they are then I would think they would be thinking twice before doing something that will result in additional charges.
Jim
SEC Files Charges in Wall Street Insider Trading Scheme Federal prosecutors today unsealed criminal charges against more than a dozen people -- including former executives at three of Wall Street's elite investment banks and traders at prominent hedge funds -- for engaging in thousands of improper trades in a pair of wide-ranging schemes.
A grand jury in Manhattan indicted 10 of the participants on conspiracy, fraud and bribery charges. Four others agreed to plead guilty, to help investigators crack open the interconnected plots and to provide testimony against their onetime associates, government officials said.
Together, the trading rings netted more than $15 million in illegal profits, according to officials at the Securities and Exchange Commission.
The charges come as federal authorities accelerate their efforts to stanch the improper flow of information among a select group of insiders on Wall Street -- a strategy that allows them to reap handsome profits at the expense of average investors.
The joint effort by the U.S. Attorney's office in Manhattan, the SEC, and FBI is the product of a months-long investigation that delved into furtive meetings and kickbacks among the alleged conspirators.
"Today's events should send a message to anyone who believes that illegal insider trading is a quick and easy way to get rich," SEC Enforcement Director Linda Chatman Thomsen said in a statement today. "No matter how clever you are, no matter how hard you try to avoid detection, you underestimate us at your peril."
Among those charged is Mitchel S. Guttenberg, a former executive in the equity research department of UBS Securities LLC. Prosecutors allege that for six years Guttenberg passed along tips to traders about forthcoming upgrades and downgrades in specific stocks.
In 2001, Guttenberg won access to a list of UBS analyst recommendations before it was distributed to the public, government officials said. He first exploited his access to the information in a bid to repay a $25,000 loan he owed to Erik R. Franklin, a former employee of Bear Stearns & Co. who held jobs at three different hedge funds, according to court papers. Franklin is among the three participants who has been cooperating with investigators.
A second alleged plot revolved around former Morgan Stanley & Co. Inc. compliance unit lawyer Randi E. Collotta, who allegedly shared tips with her husband and other traders about upcoming corporate acquisitions involving bank clients.
Collotta violated her duty to Morgan Stanley by passing on tips about Adobe Systems Inc.'s 2005 acquisition of Macromedia Inc. and United Health Group's purchase of Pacificare Health Systems, among others, according to court papers.
The two trading rings converged after people involved in one of the schemes began to share information with their contacts engaged in the other plot, officials said.
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