Originally Posted by
EngineOut
The letter from the fund manager did what it was intended to do...raise the stock of XJT. Period end.
I bet they sold a bunch of XJT stock today.
The stock price didn't increase all that much. ($2.55/share as of close today, I think.) I doubt the hedge fund sold anything at all. They still paid more than twice that price.
Originally Posted by Nevets
CAL owns 685 shares and a poison pill.
What kind of poison pill does CAL control? Where did you find this information?