RE:RE:RealityMS: I don't think you are being too harsh at all, I think you are bang on. Whatever managements THINKS they accomplished with this deal here is the "reality":
No one is buying EUO right now. 2 days we had some buying from UBS (SICPA) and GMP (Bruce). Of course THEY like ths deal SICPA is stealing our best product on the cheap and Bruce loves the deal because he can continue to collect his fat paycheck for at least 10 more years. The rest of the market hates this deal, or at least this deal is not making them buy EUO shares, that we can all agree on.
Now Bruce and team can take two approaches, Stack's approach which is "heck I nailed a pretty darn good deal and this market is full of morons and what the heck do they want from me". The other approach is to be pro-active and try to do something different. The stubborn approach doesn't get you too far in my personal opinion but I think some effort from management would go a long way right now. These guys probably killed themselves to complete this deal for the past 3 months and they SHOULD be given kudos. Again the market "reality" is that they did jack all, they didn't say a peek and stopped every bit of momo we had.
Disclaimer: I am being stubborn and not selling any of my shares so I am a bit of a hypocrite because I feel the market is wrong but I still want to see some communiation from management about what they plan to do with the money.
marketsense wrote: Its quite true they didn't have a deal until Friday but they had an LOI which was made public
3 month ago signalling their intentions to everyone. The specifics of that LOI was discussed
pretty thoroughly online but we heard nothing from mgmnt for 3 month other than to say that
discussions were ongoing but no final date was set. There were many questions that went unanswered over this period of time which needed clarification but mgmnt was in absentia.
While they obviously couldn't speak to specifics they could have talked up the deal in general
terms as to how advantageous this new direction and strategy would be. Maybe I'm being
too harsh or unrealistic but I'm having a hard time beleiving that they couldn't have said
something to pique and maintain investor confidence. That being said I am still a bull on
EUO but the're going to need a lot of PR as well as a better market to realize a proper
valuation.
Actually. I think Shawshank covered this aspect quite well in one of his previous posts and
was also lauding the fact then that more could have been said without compromising the
discussions with SIPCA and used some examples to support his point.