Liberty Trip Advisor (LTRPA, LTRPB) continues to make intraday big moves from $37 to $57 while halting continues.
Liberty Trip Advisor (LTRPA, LTRPB) has released a statement that they do not know what is going on with their stock and has not released any information that would make it go up like this.
Some analysts contemplate whether this is huge short squeezes on small volume or the previous offering of millions of dollars purchased for A shares.
Liberty Trip Advisor (LTRPA, LTRPB) Addition Information
The most recent update from the company came in the form of a request for shareholder meeting filed on April 13. On May 19 the shareholder will vote on several topics including:
- A proposal (which we refer to as the election of directors proposal) to elect Chris Mueller and Albert E. Rosenthaler to continue serving as Class II members of our board until the 2023 annual meeting of stockholders or their earlier resignation or removal;
- A proposal (which we refer to as the auditors ratification proposal) to ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2020; and
- A proposal (which we refer to as the reverse stock split proposal) to approve the adoption of an amendment to our Restated Certificate of Incorporation to effect a reverse stock split of our common stock at a ratio of at least 1-for-2 and up to 1-for-20, with the exact ratio within the foregoing range to be determined by our board of directors (or a committee thereof) and publicly disclosed prior to the effectiveness of the reverse stock split.
