TimJust talked to Tim
He said that the offer wasn't near high enough - expecting $5-$7
I think that's a HUGE highball - I mean, if the market though they were worth anywhere near that, they would be trading at $1+
He said those 113 000 shares trading this morning may be cancelled.
I'm not too sure how that would work!
Can they do this?
Anybody know anything like this?
It would be a huge help.
There should be another NR today - with comments about the offer from the company.
I say they take the offer to the market.
If they offer $1.08 and by January we are trading at $3+ then they cannot do the deal.
If we are trading sub $1.08 , then the sale would go through.