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September 14th, 2011 at 11:43 am
Phil – have a question about the recent action on YRCW when you have an opportunity.
The upcoming stockholder vote and stock dilution is hardly new news. Taking less than 10 seconds I found the latest article on Yahoo Finance dated Aug 18 conveying the date of the stockholder vote (which is 9/16). The stock price then stayed in a range of .60-.80 for a period of three weeks until Labor Day where it closed at .74. Since then it been smashed down to .34. What are the factors that would hold the price up until the action date is close? Why is the selloff confined to a time period so close to the actual occurrence of the event?