First of all, I commend the long-term investors for not feeding the seagulls.
When big players are set to acquire a big position in a company, they always employ agents to accumulate the shares on the open market, then months later a transaction will occur between the parties for a healthy profit for the agents. Not to mention that the buyer saves a lot of money for not buying it on the open market. But, how is it done? By fleecing the unaware.
A case in point, how Burlingame acquired 105,835,269 shares in 2008 and 2009.
Burlingame’s 1st tranche
Burlingame’s 2nd tranche
Burlingame’s 3rd tranche
Burlingame’s 4th tranche
