Cohen is liquidating

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anonymous

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Per IR relations confidential email to accounting dept. Steve Cohen is in the slow process of liquidating all of his shares. Filing with SEC will be completed once completed.
When announced, this does not mean company is in immediate financial trouble. Simply means what we know already in that buyout talks have ended with potential interested parties. So good news for employees for job security, at least for the next several months is there will not be a sale of the company.
 






anonymous said:
Per IR relations confidential email to accounting dept. Steve Cohen is in the slow process of liquidating all of his shares. Filing with SEC will be completed once completed.
When announced, this does not mean company is in immediate financial trouble. Simply means what we know already in that buyout talks have ended with potential interested parties. So good news for employees for job security, at least for the next several months is there will not be a sale of the company.
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the TUTES are dumping this POS company
 






The so called "Tutes" you mention are simply selling their shares as the potential buyouts on the table are no gone. So their short term plan of capitalizing on a sale of the company is now gone. At least for the short term (until Pernix improves their financial position and gets profitable).
Doesn't mean their is no hope for this company. It can turnaround financially by the end of the year.
 












anonymous said:
A person owning 5% stock in a company has to report trades in two business days. So the trades should show up in SEC filings after two business days.
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Wrong. Within ten days after the last day of the month.

Have no idea why morons confidently make statements like this that can be refuted with a quick google search.
 






Wrong. Within ten days after the last day of the month.

Have no idea why morons confidently make statements like this that can be refuted with a quick google search.
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Amendments to Schedules 13D or 13G must be "promptly" filed for "any material increase or decrease in the percentage of the class beneficially owned". "Promptly" is not defined but is generally understood to mean two business days. That is Rule 13d-2 section (a) of the Securities and Exchange Act of 1934.

So it is you who is wrong. I guess your "quick google search" was too quick and you came up with the wrong answer.
 






anonymous said:
Amendments to Schedules 13D or 13G must be "promptly" filed for "any material increase or decrease in the percentage of the class beneficially owned". "Promptly" is not defined but is generally understood to mean two business days. That is Rule 13d-2 section (a) of the Securities and Exchange Act of 1934.

So it is you who is wrong. I guess your "quick google search" was too quick and you came up with the wrong answer.
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Hey idiot - look at the latest form files by MS for Pernix. Shares liquidated on May 31 ---> form filed on June 10.

r*****
 






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