mhdousa Posted December 29, 2009 Share Posted December 29, 2009 Baupost Group, which had held 36% of the shares in RHI Entertainment, sold out of their entire position last week at around 20-40 cents a share. They had bought most of their position in 2008 when shares were around $13-14. Anyone know what happened here? http://www.sec.gov/Archives/edgar/data/899869/000106176809000170/xslF345X03/rhieform4amend4_ex.xml Link to comment Share on other sites More sharing options...
QLEAP Posted December 30, 2009 Share Posted December 30, 2009 RHIE is loaded with debt and their cashflows have significantly decreased this year. They signed a forbearance agreement and are on the verge of bankruptcy. http://biz.yahoo.com/e/091224/rhie8-k.html Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now