RE:$1.90Kings_kid wrote: If there were to be a buyout of SGY, there is no way Paul and his team would let it go for $1.90. Paul would loose a ton of money at $1.90. I don’t know what Paul’s avg price is, however from being invested in this company for the past 7 years I know his avg price is well above $2.00.
Have a great day!
Kid
You have a point if a buyout was an all cash buyout, but I was thinking along the lines that another oil company would buy SGY by issuing more of it's own shares to SGY shareholders for the equity portion at a conversion price of say $1.90 and assuming the debt.
At this point in time, what Paul paid for his shares say 7 years ago would and should not have any influence on a buyout offer. All that should be on the table is the present share price and what a potential bidder has to offer!
Kherson