TSX:CUS.DB.D - Post by User
Comment by
Calgaryrideron Oct 19, 2015 1:19pm
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Post# 24205157
RE:Question from a newbie?
RE:Question from a newbie? The market is saying that this deal isn't going to happen. It has nothing to do with the closing date.
Any trader would take a 25% return in 6 months.
Ask yourself, why would the CUS Board accept what appears to be a substandard offer?
I mean, if you really felt the organization you were responsible for was worth more than $1.70 in a short timeframe and you felt you could right the ship, why would you not put out a press release stating that the bid was opportunitistic and a low ball offer, rather than putting out a PR that says, we're taking the offer?
Why would you do that?........Unless you have zero confidence that you have the right assets with the right management team?!?!?
This is clearly a board that looks at themselves and senior management and sees a very bad situation. "Wash, rinse, never repeat".....is what they're all saying and doing.