freecode_99/stats_for_all/panglozz attacks Glenn J Krevlin ... *A letter* ... Institutional Ownershi | LNEGF Message Board Posts

Loon Energy Inc.

  LNEGF website

LNEGF   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  33 of 34  at  10/3/2019 3:19:32 PM  by

jayaramkalluri


freecode_99/stats_for_all/panglozz attacks Glenn J Krevlin ... *A letter* ... Institutional Ownership ...

Message ID: 112631
Posted By: stats_for_all
Posted On: 2004-03-18 22:53:00
Subject: Re: Short Squeeze player
Recs: 3

Google for :
"Glenn Krevlin's Restoration Hardware(RSTO) Pyramid Scheme"

Glenn J Krevlin
Director at
Restoration Hardware, Inc.
Corte Madera, California
SERVICES / RETAIL (SPECIALTY)
Director since March 2001

Glenn J. Krevlin has served as one of our directors since March 2001 and his term as a director expires at the annual meeting of the stockholders in 2005. Since January 2001, Mr. Krevlin has served as the managing member of Krevlin Advisors, LLC, an investment management firm, which is the managing member of GJK Capital Management, LLC, the general partner of Glenhill Capital LP, an investment partnership. In addition, since 2001, Mr. Krevlin has served as the managing member of Glenhill Overseas Management, LLC, an investment management firm. Previously, Mr. Krevlin was a general partner at Cumberland Associates LLC, an investment firm, from 1994 to December 2000.


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 112637
Posted By: freecode_99
Posted On: 2004-03-19 01:19:00
Subject: Krevlin LLC
Recs: 0

a major Holder in SCOX now.

freecode


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "freecode_99"
under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 112665
Posted By: freecode_99
Posted On: 2004-03-19 07:37:00
Subject: URL for Krevlin LLC
Recs: 0

h++p://finance.yahoo.com/q/mh?s=SCOX

303,000 shares 2.1%

This is a Yahoo! stock board, and it was easy to find.

Sorry, just one of those "if it was a snake, it would have..." moments. :)

freecode


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "freecode_99"
under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 112827
Posted By: stats_for_all
Posted On: 2004-03-19 11:27:00
Subject: Re: Krevlin LLC
Recs: 0

The Bjurman, Barry fund also has a major position in Restoration Hardware.

Krevlin's name shows up associated with Baystar Capital partner names (donations lists).

Looks like these players may have all been in on the inside of the MSFT >> Baystar deal.

from the article:
Looking Past the Shine on Restoration Hardware
thestreet.com/stocks/timarango/10022673.html
By Tim Arango

"It certainly raises the red flags," says Swanson, the trader who is short Restoration.

Another potential red flag, investors say, is that according to a recent SEC filing, two investment partnerships associated with Krevlin have been selling the stock short, betting on its decline. The partnerships don't list Krevlin as a principal, though they share a common address with Krevlin's investment vehicles. Krevlin didn't respond to a request for comment.

To be sure, it isn't illegal for a director or his affiliates to short his company's stock, and Restoration disclosed in earlier filings that the partnerships could engage in short-selling to hedge against losses. However, such an arrangement is virtually unheard of, say experts.

"It looks horrible," says Tom Twedt, a partner at the law firm Dow Lohnes & Albertson and an expert in securities law. "The perception is you're making a bet against the company."


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 112881
Posted By: stats_for_all
Posted On: 2004-03-19 12:02:00
Subject: Re: Mr. McBride's future
Recs: 3

I think more attention should be paid to Rich Emerson.
He is the investment banker who worked VP Corp Development at MSFT and has gone "contract" worker.
Anderer and him are thick as thieves based on googled connections.
The Anderer memo shows the MSFT slush fund was channelled through him.
Whatever the considerations given Baystar, Cohen etc for pumping the price came through him. I expect these were promises of partnership investments in future Baystar deals.
Note that Baystar did not invest in 2001 and 2002, but came "roaring back" in 2003 making many deals a month. Who is pumping the money into these deals. Paul Allen (Vulcan, another PIPE specialist), Krevlin (also a PIPE specialist).
Remember PIPE funding is a relatively rare business arrangement, MSFT has been the number 4 participant in terms of placements. They know the business and its players.


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 113782
Posted By: stats_for_all
Posted On: 2004-03-22 11:19:00
Subject: Paint or Hedge ?
Recs: 0

The price has become volatile, spiking on buys greater than 2-3K.
I submit this may be the result of purchasers of shorts locking profits. Who would pick 8.50 as short target. It seems to me this would be an investor hedging a specultation which was otherwise protected below that price.

I notice that Larry Goldfarb of Baystar often speaks at conferences discussing hedge investments. (see Baystar's press release site). Also Krevlin has shorted his own investments in RSTO to hedge.

The 8.50 price was one-half the original PIPE price (16.93) and the noted in the PIPE registration. The PIPE deal has sense been renegotiated to 13.50.


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 120959
Posted By: stats_for_all
Posted On: 2004-04-06 22:09:00
Subject: Krevlin is a hedge short player
Recs: 2

Lazard Freres has a Fund of hedge funds
see: www.lazardnet.com/lam/de/pdfs/Funds_of_Hedge_Funds_2003.pdf

Glenn Krevlin's fund is identified with a long-short hedge strategy in this document.
His hedge fund has 25% position in the Lazard diversified strategies fund.
Krevlin has a long holding in SCOX.
Krevlin has a major long holding Restoration Hardware, but also was involved in a short play against the same company in 2003.


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 121122
Posted By: stats_for_all
Posted On: 2004-04-07 11:37:00
Subject: Short Players
Recs: 33

Known or suspected shorts:

Krevlin runs a long-short hedge, his reported long position 303k on 12/31/03
Krevlin typically distributes his holdings among 6-10 paper entities. He ran a long-short hedge on RSTO in 2003. He specializes in distressed companies like CART (bankrupt auto racing franchise).

Baystar reported "Our downside is protected" (Oct, 2003). Converted long position would be 1.2 M shares. The 5% ownership cap prevents possession of more than 700 K shares at any time. I note that Krevlin is a director of the Marin county based RSTO, and Baystar is a Marin county based investment partnership.

The RBC has reported a hedge on the 30 million invested in preferred shares, converted position would be 1.75 million shares. The 5% ownership cap applies to them as well. (source for the reported hedge statement unknown)

RBC has a brokerage arrangement with director Ramondi through subsidiary Dain Raushcer Wessel so it can contract for short shares internally. RBC Capital market bankers are involved in convoluted hedges. The top three bankers in the capital market subsidiary are fugitives after being indicted in the Enron case. 25 investment bankers were brought into RBC from National Westminster Bank, 3 of these are now fugitive, the other 22 are supposedly still employed at RBC.

Jonathan Cohen (Royce Funds) has a long position of 1.6 M shares distributed over 3 funds. He has a relationship to RBC through his TICC IPO and RBC analyst rating on this stock. Cohen has been involved in numerous short hedges.

I belive it is possible that Cohen-controlled long shares are shorted to RBC. This would explain why the Royce funds have accumulated and held shares (further accumulation in February past the SCOX price peak).

It looks like there is a correspondence between hedge requirement of PIPE investors and major owners of long positions. There are correspondences between outside relationships between these entities as well.

Cohen has connections to Rich Emerson (x-MS VP) through his primary analyst Dana Serman. Emerson is related to Krevlin through Krevlin's major position in the Lazard Freres mutual hedge fund. Lazard is the prior employment of Emerson.

Cohen's TICC major stock holder (440 K) is Utah-based Wasatch Advisors. Normally, Wasatch funds have very minor investments in "investment trusts", but not completely absent. Wasatch like many Utah companies has a predominant Mormon composition.

Brian Skiba is now in business with the investment banker Pat Lavecchia (Viant Group). Pat Lavecchia shows up with Cohen-Royce connections on financing ventures out of Greenwich and Darien, Connecticut.


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 133355
Posted By: stats_for_all
Posted On: 2004-05-12 18:15:00
Subject: Re: Pyramids in the desert
Recs: 2

Overstock (OSTK) is Utah born and bred, and so has lots and lots of links to the Salt Lake venture capital crowd. Krevlin is the biggest "institutional" stockholder (7.5 % stake). Krevlin has a big position in SCOX, as well. Krevlin likes to invest in 'troubled" companies according to the interview he gave. Not obvious what would attract him to Overstock, as the growth is positive. Royce is in there too with a small stake.

Overstock actually has a legitimate business, the affiliate marketing side of the biz looks problematic IMHO.


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 135408
Posted By: stats_for_all
Posted On: 2004-05-19 14:19:00
Subject: Clovis, portrait of a bagholder
Recs: 16

Clovis Capital is representative of a number of similar institutions which expanded or opened SCOX holdings in the first quarter ending 3/31/04. Its 157 K share stake intrigued me because it is roughly equivalent to the total in 10K block sales occuring 5/18. There are a limited number of institution holding SCOX in this volume.

Clovis is a medium sized hedgefund with 638 MM in assets. The SCOX investment is unusual because it is very limited (currently worth $470 K, perhaps $1 MM at purchase), The next larger holding is worth 3.7 MM, and median of the 40 portfolio companies is 20MM.

The pattern where an unusually small stake (relative to median portfolio holdings) in SCOX is repeated in several other of the Institutional holders who added to SCOX in the first quarter e.g. Kaintuck (50 K), Allen (100K)

These small positions are consistent with an investment view of SCOX as very high risk poker bet. Clovis could be expected to hedge this bet, based on their fund description. The position is also consistent with a gentleman's agreement with other owners.

Clovis pricipal, Scott Scher attended a all-day investment dog-and-pony show hosted by Defense IT firm AMS in December, 2003.
The guest list for this event includes 4 members of RBC Capital, 2 from Royce,
and several others who made subsequent investments in SCOX. (UBS, Putnam).
One Ken Goldblatt of the very intriguingly named S Squared Technology Group also attended this event. (83 total attendees)

The connections between RBC, Royce and others in the hedge and arbitrage communities (as evidenced by the AMS conference) could easily have developed into an arrangement to hold coordinate long and short positions in SCOX.

========================
NOTES and Documentation:
Clovis role as a hedgefund is documented by several sources
See: HEDGE FUND MASTERCLASS at www.nybrt.com/mc/annts/mc031015.html
Source for AMS guest list: ir.thomsonfn.com/investorrelations/ irfiles/5598/Takeaway_SEC.pdf
S Squared Technology Group has a single web mention (2001) for 6% ownership in the now defunct Renaissance Worldwide (a IT & wireless consulting firm) of Waltham, Mass. SEC document lists 515 Madison Ave NYC, as S Squared address.

RBC attendees at AMS conference
Waldo Abbot
Stephanie Babich-Allegra
Nils Haugestad
Eric Welsch

Royce: Chip Skinner,Jay Kaplan

A feature of the Clovis portfolio is its overlap with Krevlin (also a hedge player). TYCO, Pep Boys, Yellow Roadway and some others are shared.


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 142318
Posted By: freecode_99
Posted On: 2004-06-08 15:54:00
Subject: A letter
Recs: 12

"March 7, 2004

Office of Policy and Evaluation
Room 394
Bureau of Competition
Federal Trade Commission
600 Pennsylvania Ave, NW
Washington, D.C. 20580

The Technical Committee
10500 NE 8th Street, Suite 625
Bellevue, WA 98004

Coordinated State Enforcement of Microsoft Antitrust Judgments
c/o California Office of the Attorney General
455 Golden Gate Avenue, Suite 11000
San Francisco, CA 94102

New York State Office of the Attorney General
Attn: Eliot Spitzer
Bureau of Investor Protection and Securities
120 Broadway
New York, NY 10271

Mr. Richard Blumenthal
Attorney General, State of Connecticut
P.O. Box 120
Hartford, Connecticut 06141-0120

Mr. Greg Abbott
Office of the Attorney General
PO Box 12548
Austin, TX 78711-2548

Federal Bureau of Investigation
J. Edgar Hoover Building
935 Pennsylvania Avenue, NW
Washington, D.C. 20535-0001

Public Company Accounting Oversight Board
Washington Office
1666 K Street, NW
Washington, DC 20006-2803

Public Company Accounting Oversight Board
New York Office
1251 Avenue of the Americas
New York, New York 10020

Department of Homeland Security
Information Analysis Infrastructure Protection
Washington, D.C. 20528

RE: Complaints of Potential Violations of: Illegal Business Practices, Deceptive and False Representations of Intellectual Property, Racketeering by Wire and Mail Fraud, Extortion, and Collusion in Violation of an Existing Consent Decree

In the Matter of: SCO Group a.k.a. Caldera International; Canopy Group; Microsoft Corporation; Royce & Associates; JHC Capital Management; BayStar Capital; S-2 Partners LLC; Renaissance Ventures; Morgan Keegan; Technology Investment Capital Corporation; Deutsche Bank Securities; Bjurman, Barry & Associates; Legg Mason, Inc.; Capital Guardian Trust Company; Krevlin Advisors, LLC; Empire Capital Partners, LP; The Royal Bank Of Canada; RBC Dain Rauscher; whether wholly, severally, jointly or in part acting together as to
form a de-facto cartel and/or consortium to destroy fair competition and in collusion to violate the rules of fair trade against the community of developers and users of the GNU/Linux Operating System in order to maintain a monopoly and restrain the adoption of ideas and methods not protected under copyright."

I know it exists. Justice knows it exists. So why the delays in acting?

freecode


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "freecode_99"
under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Message ID: 168056
Posted By: stats_for_all
Posted On: 2004-08-17 11:52:00
Subject: June Institutional Ownership
Recs: 23

Institutional Ownership for end of Q2 now nearly complete.
Data shows about 800K shares have been accumulated. This roughly corresponds to RBC redemption, so may represent these shares absorbed.

Approximately 1MM shares are in New Q2 positions, average cost on these shares may be less than $6. This creates 2 classes of holders: 1) Jonathan Cohen and similar, who have an average cost in excess of $12. 2) The new kids who have an average cost much less, and may represent a far more fickle group of bagholders.

Deutsche Bank entered Q1 and Exited Q2, so a loss can be assumed for Skiba's old employers. A number of big positions dating to 2003 are now gone.

Krevlin, the hedge player, added 140k after sitting pat in Q1.

Total Institutional Ownerships... 7.558 MM shares
Q1 total Institutional Ownersh... 6.743 MM shares
Net change Institutional Owner. +.814 MM shares

New positions
FULLER & THALER ASSE...403,000
CHESAPEAKE PARTNERS.... 381,442
Rutman James.................. 110,680 *
SOMERVILLE TRADING E....59,178
SCHRODER INVESTMENT ... 53,300
J P MORGAN CHASE & C... 50,000
STATE STREET CORP ....... 19,017
MERRILL LYNCH & CO I..... 12,500
LEHMAN BROTHERS HOLD... 12,000
FUND ASSET MANAGEMEN... 2,415
ALLIED IRISH BANKS P..... 1,670

Selling or Sold out _____ ___ ___Shares Entry Date
DEUTSCHE BANK AG ..... -190,100 Q1 2004
BARCLAYS GLOBAL INVE... -167,4192003 + Q1
PUTNAM INVESTMENT MA... -94,968 Q1
CLOVIS CAPITAL MANAG... -62,234 2003 + Q1
ARTIS CAPITAL MANAGE...-58,882 2003
OPPENHEIMER FUNDS IN... -56,800 2003
MANUFACTURERES LIFE ... -55,982 2003
CREDIT SUISSE FIRST ......-45,011 Q1
MORGAN STANLEY ......... -36,724 Q1
GOLDMAN SACHS GROUP ... -27,700 2003
CAPITAL GUARDIAN TRU... -25,6002003
HOMANS PETER .............. -20,000 Q1
ALLEN HOLDING INC /N... -15,000 Q1

Accumulating Positions Add shares Entry
UBS SECURITIES LLC ... 190,831 Q1
KREVLIN ADVISORS LLC 140,000 2003
WELLINGTON MANAGEM 74,660 Q1
PROVIDENT ADVISORS L. 19,149 2003 + Q1
VANGUARD GROUP INC 17,200 2003
WEISS PECK & GREER L... 13,370 2003
NORTHERN TRUST CORP 12,002 2003

*Rutman James had a small Q1 position
Source:
http://tinyurl.com/54c4f


------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user
"stats_for_all" under the following license:

License: CCL Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 0     Views: 12
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board






About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...