Andy,
It means several things:
- the smart players know that there is substantial value after paying valid claims
- the Scoggin group plus two or three other groups combined own more that 50% of the outstanding shares, thus they can control the company
Here is a breakdown of the principal owners of Ultra stock:
Owner |
Shares |
|
% of total |
|
held |
|
shares |
|
|
|
|
Disciplined Growth |
14,705,473 |
|
9.5% |
Latigo
Partners |
4,600,000 |
|
3.0% |
Nokota Mgm't |
6,890,000 |
|
4.5% |
Warlander
Asset Mgm't/Edward Cole |
17,000,000 |
|
11.0% |
Wingspan
Inv'st Mgm't |
4,086,949 |
|
2.7% |
Scoggin
Capital Mgmt plus assoc. |
45,341,216 |
|
29.4% |
Salt Run
Capital (John Staker) |
7,083,622 |
|
4.6% |
Michael
Watford (as of 3/23/2016) |
3,981,265 |
|
2.6% |
|
|
|
|
Totals |
103,688,525 |
|
67.3% |
|
|
|
|
|
|
|
|
Total shares
outstanding |
154,024,000 |
|
|