bskptkl

A little CRAI at $69.50. I think the odds are in my favor.

ENZN, have been for weeks...

As others have said, the IB platform is useful for <15 friends and family accounts. I do this for a few of my friends, but mostly my own kids. I limit the accounts to around 5k and concentrate on odd lot tenders and the like. The accounts do well percentage-wise, but on a small base. I'd have to agree with the prevailing sentiment, however... What I have found over the years: managing money for others changes the process - like the Heisenberg uncertainty principle - the mere act of observing an event, changes the event. The feelings and emotional process of managing OPM is totally different than trading your own portfolio. As such, I heartily recommend going through the process in a small way to try it out before jumping into or considering full time money management.

By mail? Through your broker? I own in several accounts and got nuttin. Edit: spoke too soon - TD sent a copy. Also thanks mjm for forwarding.

Thanks for posting. That was a good read. I've always thought of myself as lucky and tried to be receptive to good breaks. I think it has helped.

Toss WXMN and the Waxman family on the list. They tried an egregious take under going private stunt at $1.87 when book value was $15ish. Oh and coincidentally, something material was disclosed in the next financial report, though they claimed they didn't learn of it until after the take under letter was sent. The timing looks suspicious to me. They backed down after many perfected dissenters rights. I was looking forward to the court case.

Have you looked at EMGC? There's a (public) writeup on VIC.

10:05 AM Haywood crossed 24,000 of the Ds 10:06 AM Haywood crossed 50,000 of the Bs NCIB?

I'd start with Schwab - free commish, otc stocks are generally fine. Maybe IB if you trade many foreign stocks.

According to Almost Daily Grant's Commentary: As for Sorrento, the company filed a shelf registration on April 27 allowing it to sell $250 million worth of shares into the open market “from time to time.”

I couldn't resist, have a small position in SRL again...after feeling so good to be rid of Michael Smith last year too. The 20F out yesterday shows $28 book value.

Why do you guess common buyback over prefs? I'd imagine an SIB for the prefs before a common buyback, given that it decreases cash outlay going forward. I *hope* something is in the works with respect to their capital structure. I'm expecting that COVID is also forcing them to put more capital into some of their bigger operating businesses. The preferred shares are permanent capital with no covenants and a reasonable rate. I wouldn't SIB them, maybe pick them off a little by little. The common however - that I would SIB a boatload - say $75 million buyback at $1.50 per share? That could retire half the shares outstanding.

They upsized DPM offering to 24 million units for proceeds of $152 million. If the $8 warrants are exercised, they would have only 30k DPM left. Impressive. I thought they would hang around and collect DPM dividends for years. Cash could be over $175 million after this transaction - $1.75 per share. Earnings after close tomorrow. What will they do with the cash?

A couple bottles of Pliny went down nicely last night. The wife picked em up at Amazon (Whole Foods).

Quick calc seems like they held about 4B in airlines - so sold something else too.