Expect disappointment The market is clearly not enthused about this takeover. SP should be much higher so this is worrisome. Would not be surprised if management is involved in buyout at low price before the large production increases have materialized. I have seen this before. Management is dragging feet while shareholders are risking their capital and then they buy company out just before the big money is about to be made.
I wonder if the longs who are speculating about a high takeout price have bought more shares over $2.75. I highly doubt it!