RE:RE:RE:Dutch auction closes soon....What I wonder about is the heavy selling on Friday. It seems to me that someone in the know probably already has the info on the number of shares taken up by the SIB, and took the opportunity to sell the shares that they know will not be taken up on Friday.
Remember this thing was in the low $20s when this last SIB was announced so the Arbatrageurs would have bought aggressively with the idea of selling those shares to ACQ under the SIB at a much higher price. There was almost no doubt that this SIB would get filled UNLESS the stock traded above $28, where at such time to same traders would have sold into the market at an even higher price, instead of tendering them to ACQ.
There is no way this SIB gets filled at $25, since the stock was trading higher then that before this SIB ended and why would you sell your shares to ACQ at $25, when the market was offering $26 or more?
Anyway, the only thing that will matter a year or more from now is that the enormous profits ACQ will make will now be divided by around 7%, or more, less shares. In the mean time this stock will be volitile due to the uncertain market we are in. With all that said, too many people in North America consider a car to be a necessity and a car is actually a consumable in that it does not last forever and to even extend it's life a year or more will require repair expenses, in the very least. ACQ is well positioned for any future...and as I said, there are now less investors to share all that with.