Time To Sell | UTK Message Board Posts

UTEK Corporation

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  • Here We Go Again: Apparently, it's just one of those years. We here in the Greater New Orleans Area now find ourselves "in the cone" for the 7th time this year. And while we more or less dodged bullets the first 6 times, it looks like this time Zeta is going to hit close enough to do damage. We can only hope it stays a relatively minor Cat 1 & weakens upon approach. But preparations are once again in order for those of us living along the central Gulf Coast. Members with family or other interests in the affected area are welcome to post on the new Hurricane Zeta Self-Help board we just set up. Good luck & stay safe! 

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Msg  3 of 7  at  10/26/2006 6:07:51 PM  by


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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.

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