BBX should have issued a short statement to clarify this better,...

BBX should have issued a short statement to clarify this better, not just a Form 603. When half the companies stock changes hands, it warrants a decent explanation, otherwise the market will view it negatively.


To me it looks like Drake have created their own fund under JP Morgan for tax purposes. Drake would still control the fund. It would show up as JP Morgan selling, unless they can sell via a third party or anonymously.