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Atikwa Resources Inc. V.ATK

An oil and natural gas company


TSXV:ATK - Post by User

Comment by renoit7on May 18, 2012 10:59am
207 Views
Post# 19925353

RE: are my quotes messed? bid=3cents?

RE: are my quotes messed? bid=3cents?

I have 4 cents as the bid and 4.5 at the ask. They are pretty much trading at one year's revenue. In my opinion if this company was at 9 cents right now it would be sold in a heart beat. The fact that it is at 4.5 cents and management thinks that a reasonable buy out would be in the 12-16 cent range (complete guess), it is hard for a company to offer that large of a premium and it doesn't make sense for management to sell at anything less considering they feel the company's stock prices should be much higher.

I'm done guessing what will happen, or what the next best move is. This company is worth more than 4.5 cents a share, and I will continue to be a buyer at this price, I may end up with egg on my face but you shouldn't put in anymore than you are comfortable losing.

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