Diamondback capital liquidating

Citigroup analysts already estimate that hedge funds have around 0 billion in cash reserves in anticipation of redemptions.

Given the complexity of the market - the way hedge funds and their holdings so interlace the financial system, this is a potential massive shock. Not to mention, you've got the added threat of hedge funds straight up liquidating and closing up shop.

The underwriter intends to offer the shares from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Diamondback intends to use the net proceeds from this offering to repay the outstanding borrowings under its revolving credit facility, with the remaining net proceeds to be used to fund a portion of its exploration and development activities and for general corporate purposes, which may include leasehold interest and property acquisitions and working capital.

The common stock will be issued and sold pursuant to an effective automatic shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

A Latvian man has been charged by the US financial regulator for an alleged online stock fraud that cost investors more than million (£1.3 million), and may have enabled him to profit over half a million pounds.

All statements, other than historical facts, that address activities that Diamondback assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements.

Nouriel Roubini, respected Professor of Economics at NYU, recently predicted this and said the run on hedge funds could last up to 2 years.

Why are investors running to redeem their money you might ask?

Information concerning these risks and other factors can be found in Diamondback’s filings with the Securities and Exchange Commission, including its Forms 10-K, 10-Q and 8-K and any amendments thereto, which can be obtained free of charge on the Securities and Exchange Commission’s web site at

Diamondback undertakes no obligation to update or revise any forward-looking statement.

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