GREY:ISYRF - Post by User
Post by
seealice2013on Dec 26, 2019 12:44pm
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Post# 30491413
The Transaction as intended
The Transaction as intendedLet's just say the committee struck to shop intrinsyc arrived at the deal they have before them. They think that this is the best possible price and the best possible deal they can get for the company. Many have said the company is too small and is at risk of being sideswiped out of existence. The board and executive probably all agree. They also probably determined that they have the votes to proceed. Why else move forward. They also think that riding on the coat tails of a larger Nasdaaq company gets them where they wanted to go some time ago and gives them more opportunities-----AGREED. So all in all its probably the best deal for shareholders. However, I still feel vulnerable by hitching my ride to LTRX. It's not a large company by any means and is subject to the same market forces as ITC. Therefore I am moving the remainder of my shares out at a price slightly below the sale price when fixed (not sure exacly when that day is) and let the arbitragers have some crumbs. As at today our shares are worh $1.71 CDN. Anywhere in the high $1.60's will suit me fine. It's just not worth the risk. There are much better places for mine and your money.