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mike23R

03/14/11 12:17 PM

#24733 RE: UpstateChris #24731

Are you sure it's 4 days and not 4 business days?
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marchjuly

03/14/11 12:18 PM

#24734 RE: UpstateChris #24731

By "4 days", does that mean 4 business days? 4 trading days? or weekends included?

Re; Per SEC regulations a company must disclose any materially significant information no later than 4 days after obtaining this information.
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chensiona

03/14/11 12:32 PM

#24746 RE: UpstateChris #24731

I remember reading in one of the short articles that Starr was apparently trying to urge CCME to do a $100M offering. Whether true or not that would certainly be a large stake, greater than 5% and I wonder if they didn't halt the stock while negotiating with a large institution if that is reasonable grounds for a halt.

I'd imagine if CCME is legit then a big player would like to use the depressed price for a good deal maybe at $15 or $16 a share and perhaps they have already bought a large number of shares off the open market so with the additional shares it would give them an even larger stake.

Just some more food for thought.