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I believe by law they must pay the dividend no later than 12/31. So they have some time.

A little more info. The BX IPO did involve some cashing out. A total of about $7B was raised, representing 22% of BX. But only about 60% of that (representing about 13% of BX's equity) was used to cash out senior managing directors. Again, 13% hardly seems like cashing out to me.

Well cashing out is merely one purpose of going pulic. In FIG's case at least (not sure about BX) that was not the stated reason of the offering in the S-1. In fact, the shares issued only represented 10% of Fortress' total equity. And the proceeds were to be used 1/3 to repay borrowings...

I keep on hearing all this B.S. about how the FIG and BX IPOs mark the top of the market. I really don't see it that way at all. The primary reason these funds went public was not to take the money off the table for the partners, but instead to be able to provide their managers and employees...

SWIR is the exact same scenario as ATHR. Both had great quarters, issued in line guidance and received multiple upward price target revisions, but were cut to market perform by Piper Jaffray. Then after earnings both dropped like a rock on heavy volume. The market is just taking good...

VSE announced a major acquisition today of three ethanol plants that will amount to an additional 330M gallons/yr of capacity and they paid a small premium to construction costs for the plants. Within a year VSE will have the capacity to produce nearly 1B of ethanol a year. The conference call...

Corn prices have dropped substnatially in the last few weeks from above $4 to $3.18 on the front month contract and were limit down the other day. At the same time, oil is nearing 2006 highs and could easily go higher if hurricane season meets predictions. Ethanol stocks (VSE, AVR, USBE, etc)...

Raise you hand if you think Michael shorted Bear at $135 in after hours on Tuesday and covered at $140.45 today?

Agreed.

Here's why it's trading up and it's not because of a buy-out. http://chip.seekingalpha.com/article/40297

She is hot. BTW, there is no more grandfathering on the Reg SHO list. The SEC eliminated that rule a few weeks ago.

Didn't believe it myself until I stated dating the CEO of a Pink Sheet company. She told me that every now and again someone releases phony press releases about her company. It happens, surely more with Pink Sheet and BB stocks, but it sure happens.