RE: ShiffKnowsS***t I can no longer figure out if this guy is a promoter or just afraid of reality to the point that he constantly has to reassure himself.
I agree with what everyone is saying on this board about the probability of a buyout being extremely close. It is quite obvious and all indicators point in that direction. It does not take a genius to draw that conclusion.
My guess is that the share price of this stock will not move to any material extent (up or down) until the takeover price is announced. Institution investors, or as our pumper likes to refer to them, Smart $$ isn't breaking down the wall as quickly as one might expect because of the way Management has dealt with this.
Again, the most glaring factor is the expiry of our shareholders rights plan. RH has a deal done and he does not want to go back to the drawing board. In his mind, he likely feels that considerable time and effort has gone into structuring the deal and does not want it voted down. All he cares about is closing the deal and the bottom $$ that ends up in his pocket, hence the "Golden Parachute". Price per share is a secondary concern for him, if a concern at all.
The more likely reason for the share price continuing to languish is because everyone likely anticipates that the deal will be a low ball in the eyes of the shareholders and they, much like myself, do not like that they won't have a say.
I may be wrong and RH may reinstate our rights or table a deal for vote at the AGM. Both scenarios I feel are doubtful. More times than not, when Management shuts out the shareholders the way they have done here, the end is disappointing. No one can argue that. Again, I'm not saying this won't be profitable, just not what most are likely expecting and certainly not worth the wait that most of us have been here for already. The "Smart $$" will likely enter right before the announcement for a quick flip, if at all.
Queue Schiff.....we are due for some more basher comments while he follows the enchanting music into the white light.....
BH