RE:RE:New to Stock - thinking they will get revised offer I dont know how it is looked if stock price is falling to 1.85 with turning down this deal, than i think Mr Waterous shares he bought at 3.60 will be reduced to half of it's bought price. And his money is also struck in millions and company will be public till any good price they give to minority share holders. Just thought
xbox360 wrote: Just to let you know that there won't be some other entity, because the majority shareholder already owns 67%. If the initial deal fails, stock price will likely fall back to $1.85. That's the risk you need consider. $2.55 is 10 cents up from $2.45 and $1.85 is 60 cents down.
From the factual point of view, the kick in the shins is that, there is no definitive agreement reached.
schocor wrote: So I am new to this stock - I get attracted to companies with cash buyout offers on the table. CHECK. Looking at this one - and reading some of the comments on here - I believe that management or some other entity will present minority shareholders with a revised offer in 2-3 weeks time. Any thoughts on who might be interested - neighbors in their focus areas or heavy oil producer with deep pockets? Appreciate all smart comments - nut not smarty pants.