TSXV:AGA.H - Post by User
Post by
snoopeeon Mar 08, 2006 7:25pm
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Post# 10485828
no buy out!!!!!
no buy out!!!!!I think that we may see this continue downwards for a while, likely back to $26 before we had the run up in hopes of being bought out. That explains the high volumes in the $30 range as others were unloading. Being takenout is not going to happen now, atleast not in the next 2-4 months if they are planning this 200,000,000 payment completion in that time frame. AGA was most attractive for takeover when it had all this cash. Now we are left without this cash, but both Paulson and the BOD are happy. Paulson got the cash he needed as he was fixed for cash, the BOD settled to prevent losing their jobs!! Well I'm not happy, I don't need the dividend, I wanted a takeout offer. With somone mentioning 1.5 million on the short side, I'll be on the side lines.
Good luck.