Target Prices are MeaninglessWhen has SVC ever hit the target price? That $4.50 has been there for years.
Truth is that SVC Management has sold out shareholders. They tendered their shares to support the 'long term' future of the company. Meaning they don't care and are ready to jump in on this by giving their shares away, probably for some equity in any future public offerings.
They are not performing their Fiduciary duties and to keep the price so low is a disservice to shareholders and Canadian Technology Companies as a whole. This is why Canadian tech companies are largely a joke, management like Caputo, Siim, Hamilton, this is unethical and shareholders should vote NO and real efforts to obtain superior bids should be made.
Back to reality, this shady company will be given away for $3,.80.