RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Who is scooping up all the +/- $0.43 - 0.44 SharesWell, same question can be asked of Ka An.
When they showed up back in May at got in through Invesco, we all (myself included), figured that would be some fair valuation or "floor" for their investment at the time... well, look how that turned out.
What I suspect is the case:
- Ka An wanted control to be at the negotiation table
- Ka An established $1.13 as the "floor" for themselves.. meaning, if there is negotiation time, they will want whatever offer is thrown at them to appreciate the market value a substancial % over this
- Ka An had the power to do the asset valuation (which was hidden from the public) back in September 2016 which gives them more power at the negotiation table if the intention is to sell the company to someone. They know what the valuations of those assets are.
Now, perhaps, if there was no CRM sale by previous management, maybe Ka An would have moved forward with whatever plan of theirs is:
- restart production via someone appearing to finance it
- selling the company to someone
- ???
But we can't really tell because it appears the CRM sale by previous management and the inevitable lawsuit is what has thrown a wrench in the wheel for their plans.
Maybe that is to the benefit of the hypothetical vulture.
Otherwise, Ka An and the management coup is just smoke and mirrors. It really smells of nothing more than a game of control.