Aug. 19 at 1:59 AM
$EVC here’s a recap of Q2 institutional trades. Almost all net shares sold were the #1 and #3 holders. The two Confounding families sold 4-5 million shares not included. The #2 holder increased holdings about 6%. The interesting thing is four of the five top holders sold 10-11M shares. I would add the #1 holder announced selling another 800,000 shares after Q2 ended and before Q2 report. I warned everyone. And 111 holders were led to slaughter and bought over 16M shares. They are the ones dumping now. Almost half their cash on hand could evaporate. They know they are going to lose landlord lawsuit and accrued
$25M already but not actually paid. Landlord wants
$35M. Legal fees a few million more. They will get short end of any Univision deal as well……if renewed. If customer in Hong Kong doing 35% of digital drops them we are below
$3 again. Too many risks imvho.
