Sterne Agee has been the only real seller for months. He sold under the SACM market maker ID until about two weeks ago, then switched over to SALI.
Story came out http://biz.yahoo.com/e/061005/mncs.ob8-k.html Im tryign to figure it out. I need to take some finance classes.
Besides the obvious: ("...the Company has agreed to apply for listing of its common stock on Nasdaq.") It looks like the old deal with the $300M, but with a different lender. Looks like the same original plan to package portfolios of car loans to the lender, but with more details. Also, it seems that the acquisition of the loans and "collection businesses" is not just at the lots they plan to acquire, but also "nationwide."
'nationwide'...well, with 250mln mkt cap i would not think they are goin' to open just a couple of saloons in dallas.