malx1 wrote: winnerswing wrote: malx1 wrote: malx1 wrote: snajem wrote: News out on SEDAR. Looks like you called this one right. Very low bid at $0.72. Is this a starting point? Remember we have majority of minority rule in Canada. This is a weak bid
Appreciate your respectful discussion of this transaction. Might squeeze a little more from buyer but like I said earlier, this ain't the time to be selling entertainment assets. Whole industry is discounted.............. As far as votes go, I believe that insiders can endorse the deal but they do not get to vote. I would consider anyone over 10% of shares as insider. So retailers here have a choice. Sometimes you gotta hold your nose and move on. I see risk of shares dropping in value if deal doesn't materialize. Wish you all the best. Yes, even Malx would have liked you all to get $2 but not gonna happen as interest rates rising and pandemic fears still fresh in the mind of business owners and patrons. Consumers carrying mega debts. We are headed into a recession and RE values falling.......... If any of you need a new home for your capital after buyout, I'd strongly suggest Gamehost at $8-9. They will be paying a annual $0.72 annual in dividend by end of 2023. Spend some time reading the GH message board for more details. Best of luck with the TNA transaction.
Ya I was wrong on the vote. I thought that there were two classes of shares. Insiders here have majority. This is a done deal. $0.72/sh takes it. Those who are upset must also look at the opportunity this transaction presents. Liquidation means your capital will be free to commit to other undervalued securities with higher upside and lower downside. This is a win.
If I can wait another 3-6 months to get near 1$ then it gives a return of 39% for this period, which is pretty good.
Regarding the price drop following a missed transaction, then cie would go business as usual, make further profits, and eventually price would reach 1$ by itself, if not more. A good opportunity to even add more!
Couple things:
Not going to $1.
Majority holders have endorsed the deal. They want out at $0.72.
If transaction does not take place, shares will fall back to $0.45 - $0.55 range.
People seeking to buy shares today at $0.70 have zero upside and 30% downside, likely more.
I don't think any white knights are riding in at the 11th hour.
Chances are slim, close to zero.
This whole takeover was telegraphed by $3.5mm deposit.
Had they waited until earnings were over, this could have been conducted quietly without tipping off the public.
Sorry, but this looks like amateur hour in penny land right now.
Says something about the executives. Not good.
Maybe they are better at operating the assets than they are at selling them.