Tuesday, September 2, 2008

Constellanut Blogging Again

With the immediate sale of Futures Group (back) to the creeps of Constella, it's only appropriate to restart ConstellaNut.

For first timers, Welcome. To everyone else, Welcome Back. ConstellaNut, the unofficial blog for employees of Constella Futures. This blog is being reestablished for employees and others to post information, express opinions, make comments and otherwise communicate about decisions, changes, events and other issues that are occurring, or will occure at Constella Futures.

Let's get to it.

Futures Group Sold Again! Third Time Is No Charm.

OMG. SRA announced today that it has sold Constella Futures LLC to a group of private investors led by former Constella Group Chairman & CEO Don Holzworth. And here is the bad news, as part of the transaction, Chris LeGrand will move to Constella Futures as CEO. Nevertheless, SRA stocks are up slightly.

Incredible. Even more so as this comes on the immediate heels of the Futures Group ESOP distribution - 4 + years after the original sale. It's no wonder they continue to lie and mislead about the eventual distribution.

It's like when Bonapart returned from exile in Elba to rule for 100 days war? Will the team of LeGrand and Holzwortz do any better this time around? Only shorty knows!