GREY:PMVGF - Post by User
Comment by
gold_diggers1on Dec 30, 2013 5:32pm
416 Views
Post# 22046707
RE:Do we get to vote on this merger ??
RE:Do we get to vote on this merger ??Ehr... where do you get that number for AKG $0.36 a share in cash value? Before this deal was announced, AKG has $180mil cash with 85mil shares O/S, that translates to $2.10 / share in cash value. And it has been traded in that range for a while. And then, this deal with PMV was announced and its share price has been dropping to $1.70.... Obviously, the market is telling AKG that picking up PMV is a bad thing for AKG..... on the other hand, it's a good thing for PMV, hence its sp moved up....
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Right now, the market is discounting AKG again down to its post-merger cash value.... meaning, after the merger, AKG will have $280mil in cash with 180mil O/S which translates to $1.55 a share in cash value.... Let's see whether its sp will drop to $1.55....
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Yes, as shareholders, you have the right to vote for or against this deal. But this time, AKG and PMV boards of directors have consulted major shareholders to support this deal..... Small fish retail inverstors like us cannot influence the outcome of this deal?!
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So, by all means, go ahead, vote against the deal... I would rather see AKG trading back to $2.10 like before?!
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PMV shareholders got a good deal than AKG shareholders... IMO
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