Re: Taking a shot
in response to
by
posted on
Dec 28, 2011 02:43PM
SEC Form 4 is public info that shows up in news feeds. No secret there. If you look at the LGDI website, Attara is no longer a "key investor." Attara is a failed hedge fund that is going out of business at year end. You can bet it is liquidating a lot more than 182k shares out of the 31mm that it owned. It's a little more complicated than that, but suffice it to say that the liquidation will be significant and probably has already been largely completed, judging by the stock price. You will see the Form 4s in time. With microcap stocks like this, retail investors like us are the last to know about anything. Of course the stock is down for real reasons as well ... the company is out of cash. However, assets vastly exceed liabilities and the company will likely be able to recapitalize. The question is how much dilution will there be to the equity. That's when you will get your long-awaited communication from Mr. Gutnick, who undoubtedly will fare better than the rest of us.