Re: Time To Sell
Sure, Mark Cuban is short 75,000 shares. So he managed to precipitate a short attack for his own benefit.
What that article ignores is that UTK, like any BDC, does *not* have discretion over how to value its equity holdings. The company uses an independent valuator for private holdings, and applies a 40% discount (for limited liquidity) for publicly traded holdings.
I'm sure a lot of today's trade were naked shorts. (After all, 18% of the shares traded hands.) I'll be willing to guess that next week UTK will show up on Amex's Reg. SHO list of companies with a large number of shares that failed to deliver.