RE:RE:RE:RE:RE:RE:RE:Delisting Notice"tick, tock... up goes the stock". 330,000 traded. Up 29%.
Could this be it?
If so, my sincere appreciation to meetoo 1600!
meetoo1600 wrote: The expert witness respecting fairness is supposed to be an agent of the court, but whoever provides this opinion will likely be retained by management and be influenced to give whatever opinion management wants. The facts are malleable enough to support a wife range of possible results.
Regarding common shareholders grouping for representation, I do not believe that that is typically done, because it is the job of the board. Also, if such representation is not already in place, it is probably way too late. The court record discloses that Cinven still has about 15% of the company, but I am not sure how involved or interested it is, and to what extent anyone can depend upon it to fight the battle for common shareholders. And I do not think that, in light of the whole history of this company over the past two years, anyone is going to feel any sympathy for Cinven.
You know, I participate in this dialogue for whatever reason, but the truth is that there is little anyone outside the negotiations can do at this point. We are all simply in waiting mode. Sometime in the near future, there will be an announcement made, probably at 8:00 am Eastern Time of the subject day. If it is done during business hours, there will be a trading halt first. At that time I will learn whether I have lost some money or made a lot of money. Even if I make alot of money, I will have to decide whether to cash out immediately or to hang on to see where the stock goes after that. For, if management can purge this company of its despicable past, and stabilize the business going forward, over time the stock could return to $10 or more. Not immediately, but over time.
In the meantime, we wait. As rad10 likes to say, "tick, tock...". His implication of course is that we are just waiting for the moment when common shareholders are wiped out. It is quite possible, however, that in the end the phrase will be completed with the rhyme, "tick, tock... up goes the stock".
We'll see.