Hi folks, I´m from Germany, "Old Europe", watching this board from time to time. Very interesting thoughts about Mr. Lasry´s 1,3 Mio deal. It seems to me as if nobody has noticed that it was only 130,700 he bought. You may take a look at the correction file: YRC Worldwide - Amended Statement of Changes of Beneficial Ownership
Explanation of Responses:
( 1) The purpose of this amendment to the Form 4 filed by Marc Lasry and Avenue Capital Management II, L.P. (collectively, the "Reporting Persons") on July 31, 2013 is to correct Item 4 in Table I, which erroneously indicated that 1,302,000 shares of Common Stock (the "Common Stock") of YRC Worldwide Inc. were acquired. The actual number of shares of Common Stock acquired was 130,200. The error was the result of a clerical inaccuracy in the computerized form filing. The total number of shares of Common Stock beneficially owned following the transaction, 374,881, was correctly reported.
I see the corrected form, but that does not explain the jump in outstanding shares from 9.4 M to 10.8 M.
Something is still fishy.
There should be some type of trail regarding the transfer or issue of such a large amount of shares.