HokieHead vs Basketball14? Odds and anyone's actual BK experience greatly favor Basketball14 being right; however, HokieHead offers some compelling facts to question the obvious.
By Hokie's count, $1.5M has been "invested" in SCHSQ this past week alone, and since that represents well over 1/3 of the issued (and slightly more of the float), it certainly seems like someone is accumulating with the expectation that shares are undervalued.
However, in the greater scheme $1.5M remains chump change in pennyland. So does this represent the load-up for a P&D of this relatively low-float issue, or does it represent bidder maneuvering ahead of the upcoming auction possibility? Either way suggests a $1.5M conviction (and greater than 2-1 buy-sell ratio) of higher payout ahead, (hopefully in the form of increased share prices as opposed to insider deals).
The biggest other possibility -- that the recent buying is to obtain votes in the upcoming restructuring option -- seems unlikely since equity is deemed impaired in the current plan and unable to vote on the POR.
Even so, the odds of big money corruption and the unknown (to us) keep the deck massively stacked against the poor retail shareholder. Big risk/big reward.
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