Re: WOW!
posted on
Sep 13, 2011 02:59PM
Well, I read it as a buying opportunity, and just picked up a few more shares using loose change (slack gold) - already pleased with the timing of my buy yesterday.
I could be completely wrong, but IMO a PR about this latest PACER/apparent settement is imminent. As I (possibly mistakenly) see it, this is a reportable material event, even if the settlement amount was small. It was an end to litigation with certain parties (albeit part of a larger litigation involving multiple parties). That IMO, in and of itself, is a material event.
If nothing else, two things should fall from it. First, no further litigation costs to deal with the settled entities, influencing the current and/or future qtr bottom line in some fashion. Also, the possible enticement to others to settle (since the terms of settlement probably won't be released and therefore others may not know....).
JMHO, and note I disclose my limited buying activity, and thus my conclusions could be considered "tainted".
FWIW,
SGE (Slack Gold Enterprises)