PARL - This is just goofy

[mimo_100]

Yes, there is one benefit: it doubles the number of shares for shorting PARL

Yes, but the number of already shorted shares doubled also. So percentage wise, the short interest is the same.

[New-born baby]

Yes, but the number of already shorted shares doubled also. So percentage wise, the short interest is the same.

True, Mimo. The percentage did not change, just the number of shares available for shorting increased by 50%.

[mimo_100]

True, Mimo. The percentage did not change, just the number of shares available for shorting increased by 50%.

effectively nothing changed -- I do not understand what you are trying to say -- there is no advantage to either side

[New-born baby]

effectively nothing changed -- I do not understand what you are trying to say -- there is no advantage to either side

For easy calculation, let's say PARL had 100,000 shares, and 50,000 were short. Then she splits. That means PARL now has 200,000 shares, and 100,000 are short. The increase of available shares for shorting moved up from 50k to 100k, or doubled. Any way you want to slice it, there are more shares available for shorting. And PARL has so many shares short that most often you cannot find shares to short. So the split worked out bearishly for the stock, because more shares are now available to short.

[mimo_100]

For easy calculation, let's say PARL had 100,000 shares, and 50,000 were short. Then she splits. That means PARL now has 200,000 shares, and 100,000 are short. The increase of available shares for shorting moved up from 50k to 100k, or doubled. Any way you want to slice it, there are more shares available for shorting. And PARL has so many shares short that most often you cannot find shares to short. So the split worked out bearishly for the stock, because more shares are now available to short.

What matters is the $$$$ value of the shares -- it has not changed --

[stenzrob]

For what it's worth, I agree with MIMO on this, and I don't think that any amount of explaining by New-born is going to "educate" me on this. It's all about $'s and %'s. Number of shares and price per share is virtually meaningless. Sure there is different action and different players in $100 stocks than sub-$1 stocks, but IMO, a split that adjusts the price from $20 to $10 changes nothing.

[New-born baby]

For what it's worth, I agree with MIMO on this, and I don't think that any amount of explaining by New-born is going to "educate" me on this. It's all about $'s and %'s. Number of shares and price per share is virtually meaningless. Sure there is different action and different players in $100 stocks than sub-$1 stocks, but IMO, a split that adjusts the price from $20 to $10 changes nothing.

You may be right, Strenz, but can you understand what I mean by this:
1. Before the split, no shares available for shorting due to the naked shorting law.
2. Now, new shares available for shorting.

See what I mean?

[Lyehopper]

You may be right, Strenz, but can you understand what I mean by this:
1. Before the split, no shares available for shorting due to the naked shorting law.
2. Now, new shares available for shorting.

See what I mean?

WHAT?....!!!!.... You're freakin' me out NBB.... Nothing changes dude!

Look.... There are twice as many shares shorted right now as there were Friday.... AND.... There are twice as many shares long as there were Friday. The percentages though DO NOT CHANGE.

So NBB.... If PARL now did a 1:4 reverse split, would that be bad for short sellers because there are suddenly less shares available to short?.... I gotta send you a jar of the GoJi so you can think straight!... jejeje

[New-born baby]

WHAT?....!!!!.... You're freakin' me out NBB.... Nothing changes dude!

Look.... There are twice as many shares shorted right now as there were Friday.... AND.... There are twice as many shares long as there were Friday. The percentages though DO NOT CHANGE.

So NBB.... If PARL now did a 1:4 reverse split, would that be bad for short sellers because there are suddenly less shares available to short?.... I gotta send you a jar of the GoJi so you can think straight!... jejeje

Lye,
I'll drop it. You win. I can't argue with Goji!

[stenzrob]

New news: PARL's board refusing to consider the offer since it includes a break-up fee which it seems the company would have to pay Ilia if the deal falls through? WTF is the guy up to? This is fast becoming a joke.

[stenzrob]

Ilia's acquisition group hired Wedbush Morgan, looks like he could be gettin' serious about this. Of course, even at $14.50, some of my shares would be taken out at a loss. Can I just refuse to sell my shares if Ilia does take it private?

[New-born baby]

Ilia's acquisition group hired Wedbush Morgan, looks like he could be gettin' serious about this. Of course, even at $14.50, some of my shares would be taken out at a loss. Can I just refuse to sell my shares if Ilia does take it private?

No, Strenz. What happens is that you just receive a check in the mail and your shares are gone. Period. They don't even ask.

[billyjoe]

stenz,
I had a similar situation last year. One good thing about it is that you don't have to pay a fee to sell your shares.
-------billyjoe

[IIC]

One of the biggest jokes on us small time suckers is:

Buy shares and you own part of the company...Yeah Right...Sure we do...LOL

Ask some of the pre-bk KMART shareholders how much say so they had.

The stock market is a game...Ask Homer...He'll tell 'ya...Difference between me and him is that I know that Joe and Jane Small Timer can win the game...And he doesn't...Doug(IIC)

[stenzrob]

One of the biggest jokes on us small time suckers is:

Buy shares and you own part of the company...Yeah Right...Sure we do...LOL

Ask some of the pre-bk KMART shareholders how much say so they had.

The stock market is a game...Ask Homer...He'll tell 'ya...Difference between me and him is that I know that Joe and Jane Small Timer can win the game...And he doesn't...Doug(IIC)

Totally agree that it's a game, I certainly don't consider myself an "owner", and don't expect management to pay any attention to me. I must admit though, Doug, that I don't understand your obsession with Homer.