You are firmly in the camp of those that said how great this was when they started it and now to minimize the impact, you say that 4.5M shares are unimportant. There current holding of 5.22 % are very interesting. Why would they stop there. If they got below 5% no further reporting required. They can buy and sell and never report anything. My guess is they could not sell the shares to get below 5% without causing a bigger fall. I believe they see the very real possibility that REO prices will reduce H2 revenue to where both cash flow and Profits are red. They are seasoned investors they know the impact of going from Black to Red. My guess we will see another announcement putting them below 5 % before the end of year. Now the question is what are the other two funds doing. AUS has told us none are selling. But FIL was its your guess.
LYC Price at posting:
$2.27 Sentiment: Sell Disclosure: Not Held
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