RE:RE:RE:I Think Managment Should Accept A Take-Over Offer of $50+Well ask yourself this: who would benefit the most from a takeover at 50$ CAD ? I think it's quite obvious: short-term ''investors'' and traders ( the only ones who actually benefited from all this nonsense (commission baby!) ).
Many guests on BNN (most recent are : Colin Stewart, Mike Newton, Michael Smedley ) said to consider CXR on fundamentals, not on short-term noise like the buyout. Nobody buys a stock on buyout except traders and short-termers. Every one of them thought it strange how the process is normally sealed but with this, leaks somehow keep pouring out, and this only recently for the most part.
From the moment you invested, it should have been clear to you what your time horizon was, why you bought it, what you expect in the future from CXR, and most importantly, when you would sell. If you're a long-term investor, and you think that 50$ CAD is a fair price, you're obviously giving in to fear and the shorts have already won. This is what they do until there is capitulation. If you're a short-term investor, well, yes I guess 50$ CAD is a fair profit to be made.
GL
Register123 wrote:
I think it would be terrible if the Board received an offer of $50 CAD or better and rejected it without taking it to shareholders for a vote......