Post by
schocor on Mar 09, 2018 6:27pm
New to Stock - thinking they will get revised offer
So I am new to this stock - I get attracted to companies with cash buyout offers on the table. CHECK. Looking at this one - and reading some of the comments on here - I believe that management or some other entity will present minority shareholders with a revised offer in 2-3 weeks time. Any thoughts on who might be interested - neighbors in their focus areas or heavy oil producer with deep pockets? Appreciate all smart comments - nut not smarty pants.
Comment by
xbox360 on Mar 12, 2018 9:44am
Just to let you know that there won't be some other entity, because the majority shareholder already owns 67%. If the initial deal fails, stock price will likely fall back to $1.85. That's the risk you need consider. $2.55 is 10 cents up from $2.45 and $1.85 is 60 cents down. From the factual point of view, the kick in the shins is that, there is no definitive agreement reached.
Comment by
Playsmart on Mar 12, 2018 9:40pm
I dont know how it is looked if stock price is falling to 1.85 with turning down this deal, than i think Mr Waterous shares he bought at 3.60 will be reduced to half of it's bought price. And his money is also struck in millions and company will be public till any good price they give to minority share holders. Just thought
Comment by
schocor on Mar 13, 2018 12:54pm
Thanks to all whom have commented on my original post - much appreciated civil discussions. Anybody know when is the reserve valuation is due? One other comment - Hal Kivisel. I have a lot of respect for this guy and the business he had built. He dits here as an independent board member and in him I place a fair bit of faith to get shareholders a FAIR deal. Thoughst on Mr Kivisel? Stay classy