Post by
88guy88 on Mar 15, 2023 1:10pm
Shorts are gonna get burned here
as of Feb 28 there were 5,676,873 shares short and it was only 3,538,414 Feb 14.....the company has already pre announced their expectations for Q4 and annual results review.
They will just be confirming what was announced and get a more specific number on the ranges they proposed
Also the company recieved expressions of interest that were unsolicited and that resulted in the setting up of the special committee to review strategic alternatives to unlock value for shareholders. That was back in late November....so 3.5 months have passed and they said they would only make an announcement on the review if they had a deal or they had completed the review....I think they have to comment on the review today. It will either be to say they recieved some offers but felt they were just too low and see much greater value and appreciation by just continuing the current company....we will see what happens.....sometimes the first offers are low on purpose and then a much higher offer emerges when they know they can't just lowball steal the company....
Comment by
Blackbear on Mar 15, 2023 5:26pm
I do not think there will be any meaningful offers during these uncertain times, when our company went up for sale in uncertain times, the best offer was 150 percent less than what it eventually sold for . CTS does not have to sell....that's a good thing..no panic..