Jun. 30 at 7:03 AM
$CNVS This is definitely a buyout exit strategy.
But I have seen the same play applied to
$FBIO - the ultimate goal is concentrating ownership before the exit.
I was long and gained a lot there, but then I realized the incentives were not aligned with common shareholders and switched to preferreds, which I now abandoned as well.
The mechanism is slightly different there, as just before the acquisition proposal, insiders will convert preferred and take out most of the company with an acquisition.
Here I still need to decipher the whole strategy.
As I said - the ER was very good - beat both revenue and EPS.
The wild card is this Kauffman guy, who I am sure is also sending accounts on here to confuse retail, in addition to hedging his investment by shorting while he can cover at the exercise price.
Don't listen to imbecilles who simplify things just to make a point for themselves. That's not analysis, it's cheering on a weak thesis.
