Well, as expected Silvergate Capital has almost reached the limit, currently sitting at %19.29. They must be pleased to be picking up lots of stock in the mid $0.30s.
Interested in others thoughts regarding how Silver might play this. My guess is that they will wait and see if anyone steps up to take the BMG deal, if no-one does, they provide the $$ to CAP to buy it back, renegotiate a better deal for themselves with CAP whilst funding the DFS..?
CAP Price at posting:
26.2¢ Sentiment: LT Buy Disclosure: Held