RE:RE:RE:RE:RE:RE:Something big is likely in the worksSo it seems that it is indeed a fact!!!! My first reaction is that I think it is a very bad idea.....My suspicious side thinks that they are on the verge of accepting a buy out and they will need at least 2/3 of approval by shareholders or even 90% to force dissenting shareholders to tender their shares,,,,,,,The other possibility is the need to raise capital at unfavorable terms (ie high dilution) .......I dont like the smell but hope to be proven wrong
SPCEO1 wrote: I was invited both to two meetings I am aware of (one on 1/24 and one on 1/25) and the company also offered to meet me where I live as well. The large shareholders do not represent a controlling interest.
TH called these shareholders and offered to meet, so the company instigated the meetings. I think it is safe to presume that some sort of info will be publically announced prior to those meetings. Could be good info or it could be bad, we can't know. Since the company instigated the meetings, the likelihood is it is good info. Also, given all the other signs we have seen, good info seems like a good bet. But, it could be good and bad both too. Or it could be bad info and the company is looking to meet with major shareholders in order to cut another shareholder revolt off at the pass. Finally, the meetings might have been set up without regard to any possible news items and simply because they wanted to mend relationships with shareholders who they burned in last year's offering. And I am sure I overlooked some other possibilities too.
So, we cannot really know what this is all about but given the weight of evidence, I am guessing it is mostly good news.
PWIB123 wrote: @SPCE01 I'm assuming based on your comments you weren't invited to the large shareholder meeting. I would have presumed you would've been invited since you represent such a large group of shareholders. Were you not invited? Do the large shareholders represent a controlling interest?