TSXV:SLX.P - Post by User
Post by
ziggy1on Apr 03, 2012 12:01pm
344 Views
Post# 19753109
Another pissy buy out.....
Another pissy buy out..... " Each of the directors and senior officers of Silvermex and certain shareholders of Silvermex have entered into voting agreements with First Majestic "
It's called a golden-agreement. This is where they get special back room deals for selling out their shareholders.
I bought this stock hoping for a 50 bagger or much more when the silver story explodes. I didn't want to see it get sold for a -87% discount to its 2008 share price.
And no, glorifiedp, this isn't a good thing. So many posters jump at the chance to say " BUY OUT ! ! ! " as though buy outs are always good.
2008 = $4.50/sh
2012 =
.60/sh buy out price
I see nothing good here. And my 50 bagger will never happen here now.