RE:You guys are assuming too much (3 Points to make)Fdfd...I think your point 1 is wrong.... There is evidence that all bids had to be submitted by 31 May.... That was 2 days ago... 2 parties either didn't submit a bid ... Or it was too low... We don't know how many other parties have submitted offers , but the fact that CXR said they are still involved in the process , says to me there is at least 1 offer on the table that has not been rejected...
If the offer is less than $65usd.... It will not be accepted by me or most that bought the offering in the US when AMCo was purchased. At that point let the price do what it does until MT can further prove that CXR will do what he forecasts . My average is in the low $30 CAD .... But I'm willing to give the company away , and neither is MT ... IMO
fdfd12 wrote:
Remember I am long but also realistic and fair.
Often when I write, people are confused if I am a short or not.
1) You guys are asuming that their is an offer on the table.
Where did you get that idea?
All we know is 1 or more companies are interested to see their books
and decide if they will make an offer or not.
There is NO offer on the table.
There may be 4 guys interested but 2 have walked out.
2) Also Roller said the market assumes their is not deal and we dropped only 10%.
Not true. Management said the deal is still on and we dropped and didn't recover!!!
Can you imagine what will happen if MT says there are no companies interested.
Stock will hit $25 again!!!
I can't risk that, sell CXR and get $45USD and move on.
3)
You guys said management handled it wrong today. THey should have had a news release BEFORE the leak of Blackstone and CG were out.
IMAGINE if they released that "CXR is still ongoing in their negotions"
and then 1 hour later, we get a release saying, Blackstone and CG are out, then
you would get a bigger exit than we had.
People would say, what happened in 1 hour!!!