GREY:ROAOF - Post by User
Post by
fdfd55on Dec 15, 2008 12:58pm
501 Views
Post# 15646598
I believe that
I believe thatOilexco believes that they are worth more that $10 (they really do).
They have hired Morgan Stanley to find a buyer in the $10 - $12 range or else NO SALE.
Problem is no CEO will pay that money for a $2 stock or else they will get fired.
As a result, there will not be a sale but instead, financing that they had in place originally.
They don't want to sell the company for $3.
This is my opinion.