RE:Buyout Dead .... sorry guysIs your source the same as Amber Kanwar's source by chance? She was played big time and is still taking flak from disgruntled CXR investors. Some investors made money big time with those two significant bounces. The whole buyout has been dead for a why as I think the Brexit vote put the nail in the coffin. Although at this point, this stock is so unpredictable and at these prices, still a potential buyout target, Q2 results will be the deciding factor for me moving forward.
Not all shorts have given up on this just yet, Lattice (aka LatticeinExcile, ItsaDonut) said just yesterday he/she was still in the game. Lattice did mention his/her accounts had be closed due to "Excessive Bashing" and I can't find the
ItsaDonut account anymore from yesterday so I think this poster's account has been closed again.
I'll take small incremental daily increases with this stock over big drops anytime. A week tomorrow and we will have a much better idea of where we are at with this. It would be very risky at these levels for shorts to have another go before Q2 results being released....
InsiderTrader wrote: Earlier on the bullboard I posted knowledge of a buyout because of an insider source. Now my source says buyout is dead, and they are looking at alternatives to raising cash in strategic alternatives.
My feeling is that if they come up with something to raise $$, isn't that just like saying the whole "business has never been better" mantra is a farce and give the shorts credibility that they are facing a liquidity crunch? How can the two stories be so different?