GREY:HRIVF - Post by User
Post by
glorieuxon Apr 13, 2009 3:27am
488 Views
Post# 15912650
Something to consider
Something to considerWhen I was involved with the Noront Proxy War with the hedge fund, the biggest complaint we had is that there was no announcement of the proxy war...when we found out about it, the registration date to have shares registered was already past and we could not vote with our wallets!! If we could of had this opportunity, we probably would have won the vote.
So I am not advacating to rush out and buy shares of HRG at any cost as I have not been around long enough or read enough about this company to recommend a buy at any cost but from what I have seen so far, shares under 0.15 are IMO a good price from what people are asking for as a take over price. So those who can increase their number of shares or those that feel comfortable enough to discuss this with other investors, I believe this could be a very strategic time to increase our share base as a group as this would strenghten our position as a group to defend against an opportunistic low ball offer.
However, even without a take out offer, our current price offers a very good entry point for new investors or for others to lower their average...I do not think this low price will be around for too long as we discuss both the possibility of a take out and valuation we believe would be fair.
Cheers and good luck to all,
Glorieux