RE:Predictions & thoughts for the week.........Final thoughts for the week, regarding this "potential" merger of these two companies.......
First, as you all well know, for those of you following this SAD Saga& my commentary, MY HOPE is that this almagation or TO .....buyout ...or whatever TH it is.....is it's now DOA & dies a quick & sudden death. I've clearly stated my reasoning WHY for this, and hopefully this brash Ceo, Mr Jason "PokerPuke" NoLes & his team of Clowns, finally see the light & get their heads screwed on back in the proper place.
Imo, it was utter BS & complete nonsense to attempt to takeover a mediocre operator such as SFarms, with mediocre assets......AND even worse....attempting to buy them out at ludicrously expensive levels. Especially when there are much better targets to takeover out there.... AND..... especially so.... when they can achieve the same goals on their own.....for much much cheaper!
So now that we have abolute confirmation that Riot mgmt is unwilling to breach the 15% threshold & trigger the "Poison Pill", the ball remains in their court on how we proceed from here & what happens next. As previously explained, IF Riot doesn't have an "ACTIVE & WILLING" partner in it's pursuit of SFarms, then it's options are now limited. Either they go FULL steam ahead & breach the 15% level on their own & deal with the fallout of the Poison Pill OR they give up this senseless, costly endeavor. Anything else isn't an option nor viable. And that includes their lame attempts to buy time to "turnover" the BOD of SFarms.....in their favor.
So MY HOPE is .....as a Riot s/h......is that sometime next week, or in the next few weeks, the hoopla around this finally begins to die down, becomes yesterday'snews & Riot moves on to BIGGER & BETTER things. Starting with simple, important things like fixing their own operational issues in order to get the stock.....& company.... back on track. Which is something VERY much needed & desperately wanted by those with a vested interest in Riot, because insanity has cost the company & it's s/h dearly and they've suffered greatly. All in the name of greed, arrogance & ignorance btw.....
As far SFarms & their s/h'ers are concerned, they would be VERY luck & would hit the JackPot IF they ever fall under the umbrella of Riot. Imo, is mediocre miner with subpar assets and who has VERYserious financial & operational issues to deal with. And to be completely honest, we don't want or need ALL that extra baggage ....as we have are own problems to resolve. And BETTER oportunities pursue.........
So for you guys.....the best you can hope for is that either Riot puts the pedal to the metal & raises their bid & therefore proceeds to go ahead with the merger ....OR......Marathon puts in whatyou folks call a"stink bid" of their own. As a Riot holder, i hope the former NEVER materializes. As for the latter......you guys better cross your fingers.....on BOTH hands!....that they do.........LOL...........Because the alternatives.....aren't looking too good or pretty.....going forward.
That's Mr Mo's rant for the day......enjoy the week-end folks!......As the next few weeks will be VERY interesting & intriguing.... across the board.....!!!
GLTA