RE:RE:RE:RE:RE:RE:RE:RE:RE:gentleman,please be civilized,o.k.LuckyEleven wrote: (5/11/2018 3:39:55 PM)
"....this company will be around for many years with or without Saxberg and if not you will wake up one morning and be paid a huge premium for you shares."
I agree that a takeover is possible but I don't think a huge premium is likely. Eventually enough shareholders with a higher cost base give up and you're left with a majority of shares held near current prices. A suitor comes in with an offer of maybe a 20% premium which, along with "incentives" for the current management and board, is enough to get the deal done. For a very recent example just look at VET's takeover of SPE. Look at the SPE bullboard to see how happy SPE shareholders are with the current offer. Your only defence as a shareholder in a takeover situation is to get your cost base down. Management can always be incentivized with non-share based compensation to support a takeover if they own few shares. In many cases their golden parachutes are in place well before a takeover offer and they're just waiting to pull the ripcord.
cyegger