https://finance.yahoo.com/news/investor-alert-brower-piven-encourages-020000040.html
5 replies (most recent on top)
LE has borrows untold Billions with his oracle stock as collateral, doesn’t have the cash or assets to meet collateral calls when the stock goes down. My guess is he’ll be bankrupt when the stock hits $40. Must be desperate to keep it up, as the cloud fraud saga shows.
Nothing good is going to come if this, yeah the stock has gone up a little lately, just wait to the next quarterly call, it will crash again, oracle is F:ed and has absolutely no future, no matter what they pretend to do and announce. It’s a gonner!
don't think can be just buyback, the volume is too high in such short time, unless Oracle decided to use an insanely huge amount of cash. in that case, SEC should -- cough cough -- have been alerted.
nope, me think it's a bunch of large investors that have ben alerted by Oracle of something happening.
Stock buybacks... unbelievable breach of fiduciary duty. LE can’t even afford the renovations on his Rhode Island estate. LE is a flight risk.
the really impressive thing is that the stock is going up very quickly since all these lawsuits have been announced. since aug 15th the stock is always up, and most probably will reach a 50+ before the announcement of Q1 results.
there is definitely something big investors know that common people don't. really disgusting and illegal, but hey whenever Oracle cared about ethics?