RE:Institution/Insider bought MBC share more than $1stockuserid wrote:
Looking on insider report, and you will see that most of the shareholder/institutions and BOD, bought the MBC shares at a price of more than 1 dollar.
I'm pretty sure if the buyout price is less than 25 cents, I don't think this big boys will be happy and loss lots of money.
So I guess, JV is more ideal, to rcover their loses (long term).
Managements preference is a strategic partner however, you can only accept what's before you. If no JV bid has been made then clearly they won't get what they want.
While majors DO prefer to JV first - reduce risk operationally and then conduct a buyout later on I think this is too far gone that it's more advantageous for a major to just buyMBAC out at the bottom.