GoPro announced a merger agreement at 9:20 AM ET this morning. I have been doing event driven investing for ~a decade. I cannot remember any merger agreement getting announced at 9:20 AM. Honestly, it’s incredibly rare for
Well, I have to ask. Do you think this will end up as an insider trading case?
It seems ludicrous to me that somebody would build a position large enough to file a 13G, three months after the company announces a strategic process, but within a month of that process finishing; all while potentially possessing MNPI. That would be like going to the police station to announce that you are going to rob a bank next Saturday ...... but it seems like anything goes in markets these days.
The timing and sizing certainly seem odd. Why not build the position in May, after the announcement? Why size up large enough to file? Just odd.
I don’t think there’s any insider trading going on. The YouTuber who built the stake was excited about their newly launched camera and thought the valuation was too compelling.
The Starman deal is an extremely odd one that came out of left field. I don’t see how they would have any connection to Markiplier.
Well, I have to ask. Do you think this will end up as an insider trading case?
It seems ludicrous to me that somebody would build a position large enough to file a 13G, three months after the company announces a strategic process, but within a month of that process finishing; all while potentially possessing MNPI. That would be like going to the police station to announce that you are going to rob a bank next Saturday ...... but it seems like anything goes in markets these days.
The timing and sizing certainly seem odd. Why not build the position in May, after the announcement? Why size up large enough to file? Just odd.
I don’t think there’s any insider trading going on. The YouTuber who built the stake was excited about their newly launched camera and thought the valuation was too compelling.
The Starman deal is an extremely odd one that came out of left field. I don’t see how they would have any connection to Markiplier.