GREY:CLLZF - Post by User
Comment by
myNEXTmillionon Jan 06, 2012 11:47am
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Post# 19375849
RE: And, Todays Interview Proves it !
RE: And, Todays Interview Proves it ! Sounds more and more like the 3 firings occured because they supported the buyout offer. The suspension of the JV partner selection or whatever, is IMHO because CLL wants the latest reserves report before any decisions are made. It makes sense to deal from a position of strength.
IMHO, the activist investor probably bought in really cheap when stock was removed from the index and they want to make a quick buck... can't do it if it's under a buck (pun intended).
I believe RG made the right moves...
mNm