The other about two-thirds, or over a million shares, were acquired prior to the last 90 days — and so prices are not required to be disclosed, under SEC rules.
[It is likely however, that those million or so shares were acquired above $2.70, since Viex became an active buyer at $2.70, going into Memorial Day weekend this year.] But let’s be generous and assume that the hedge fund’s weighted average basis in its MATR position is about $2.50. The salient question is… what will be the fund’s reaction to a stunningly worse than predicted (by Wall Street analysts, at least) Q2 2017 GAAP Losses Per Share — in about 15 days?
Mattersight will announce what I predict will be about $0.21 per share of GAAP Loss Per Share, from Operations, on August 8, 2017. Bob’s model predicts ($0.22). The two “paid” analysts are on record at ($0.16) and ($0.17), respectively.
More soon, but Bob and I need to confer — as much is developing in real time.
So we will stay quiet — in the public space — for a bit.
But do be careful out there — as the new masthead implies, there are sharks in MATR’s open water NASDAQ OTC share volumes, once more….