“Warburg announced a little over five weeks ago that it was going to unload 60% of its stake via over the counter negotiated sales – LINK. The firm has been unloading these shares since May 18th.”
This sounds eerily similar to the movie ‘Margin Call’, where they had to dump all of their securities by the end of the next trading day. Because of it the company survived, but everyone else on the Street got burned.
I think the title was ‘Margin Call’...
I’m wondering who they are selling to.