GREY:CHTYF - Post by User
Comment by
gump132on Sep 16, 2016 8:09pm
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Post# 25247357
RE:MQL loses court battle - Bankruptcy looms
RE:MQL loses court battle - Bankruptcy loomsI bet the merger will not happen at this point. Smoothwater is not on board and they hold about 16% of the shares as it is. For the merger to happen they need 66.66% of the votes. That means only 84% of the shares are uncertain at this point. It will only take another 18% of voters to want the cash instead of the merger to make this deal fall through.
I am voting against the merger personally. AOS has a huge shareholder base at about $0.10 (myself included) so a $0.14-15 payout is decent.
If you have faith the company will find another option soon, this could be a good bottom fishing opportunity. Otherwise, might be time to sell and move on while you still can. Best of luck!