![]() I really don’t see a reason why the market isn’t going to continue to be “cornered” in this stock, as the days progress, which will keep driving it higher. That leaves probably 800K shares floating.shares which are ever increasingly going into “tighter hands.” (Those of us who think a sale can net anywhere from $35-100 per share are not interested in selling on the move from $12 to $16.) And I’ve spoken to other shareholders representing up to 15%. My guess, at this point, is that 50% or more of the float is essentially “locked up” (between Martha, Sweedler, and myself, it’s 30%). ![]() Not to be sneezed at.įinally, the way the KKR amendment reads, suggests to me that they are, more likely than not, going to announce something prior to the end of this year, since the waiver technically expires at 12/31 (and no, I am not worried about that, since the clear signal from KKR is that they are willing to work with the company.as long as the “unlocking of value” starts sooner rather than later). Unsolicited expressions of interest represent people willing to PAY UP for assets. Also their reference, when they began the strategic alternative process over a year ago, to having “multiple unsolicited expressions of interest in multiple brands” (or something like that).
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