Falken Industries Ltd OTC : FLKI a BUY Now !"The counter offer for FLKI as best I can guess will push the price to $1.80 per share. Remember the offer is cash for as many new shares as will give the buyer control. If you do the math that means the quoted shares as is will rise to 50c per share fully diluted and to about 65 cents on the counter-offer price. From the goings on the market obviously hasn't done the math (though wake up time will undoubtedly happen), somehow not believing the press relases because the price of $ 1.50 seemed too high ! This of course is because no one bothered to see that the offer involved the issue of new restricted shares, so that the $ 1.50 fully diluted translates to a share price on the market of 50 cents, to 65 cents if the counter offer is as expected. Still, consider that this is currently a .125 stock, so the upside is enormous, and the downside negligible if you believe the chartist (based on the handsome volume, it is obvious that the "smart money" is accumulating the stock. The confusion of course is not surprising because management is seen as fighting the offer. Look at the press realeases ! As for me, I'll stick to my belief that the acquistion will go through and that the new book value of 50 to 65 cents per share will be the bottom end of the quote. The stock historically opens low and closes high, so do your DD and put in your buy orders before the opening. That said, the stock is a strong buy on the fundamentals and on the chart as well.