RE: Bring on Summer 22 I think Summer22 is too busy selling his shares over the past few days, hence the share price back down to 10.5! I do not think him/her alone is driving the price down, but I think some of us today may have freaked some shareholders with all the examples of Tobin, and why he was appointed to the board, that CMK is finished come feb. 28th, etc., etc...............but I doubt it.......the management of CMK is doing a great job freaking out current shareholders, that this board has zero affect on how people feel....right?
Now, think about this really carefully who are still holding CMK (including me of course) with 9 business days remaining, and I doubt the management/BODs are working on weekends or are losing sleep if an alternative plan is reached or not....they do not give a care in the world (really wanted to say something else....more direct, but profane language gets flagged here as you will know). Even if someone did pony up the min. $35 million required to block the Marret Plan from happening, there is still going to be MASSIVE DILUTION taking place.....maybe not to the extent of like 4 billion shares outstanding with the Marret Plan, but nonetheless still pretty significant. The potential investor (s) are not going to be coming in at .50 per share or even .20 per share, the lower the share price, more the dilution effect. So I believe anything over .05 is better than the Marret plan I guess!
I do not think an all out buyout is going to happen here, but I think CMK may land a potential investor other than Marret before or on the deadline date.......anyone can offer the same thing what is Marret is offering now or just a bit better to get in the deal with Cline, if you really think about!