TSXV:KUR.H - Post by User
Post by
Crotchon Jan 23, 2009 9:00am
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Post# 15723191
Today?
Today?Any predictions for today? I'd be interested in hearing some thoughts on what we might see...
I think any predictions of a run-up or a pop will be subdued, given what we've actaully seen this past week. Despite assumptions of the stock hitting 60 cents, or even $1+, I personally think it's pretty clear that the only chance this thing has is a positive outcome, post-Feb 16th.
The optimisim is encouraging, but the reality should be viewed with a little more trepidation than it has been, given the light trading.
There is still next to no volume on either LOK or UBS.
I'll ask again - is anyone concerned about this?
I for one, am.
I don't think it has anything to do with the stock being "tightly held" or that there is "little float." The asks on LOK are 50 cents - yesterday I saw 60K @ 50c. If you're willing to tell me that the value of Look's assets should garner a post-process share price of $1.50 to as high as $20, then I would love to hear why no one is willing to pay more than 50 cents a share for it now. It's certainly possible to get a good position on this - maybe not a multi-million share position, but enough that if the "dreams come true" you could walk away with enough to put a down payment on a 2010 Ford Fiesta.
Is it because a deal isn't a certainty?
Is it because the interested parties aren't so interested?
Is it Look/UBS management?
Are we expecting too much so soon into the bidding process?
Is InDaMoney responsbile for an artificially low share price? (Doc, please take note - this is sarcasm)
Is there too much resistance @ 50 (for LOK)?