Post by
gibbonsj on Feb 15, 2017 12:17pm
Charm: Every company gives up clients but what is killing sp
is lack of disclosure so we're left to think the worse. How much was MLS contributing to eps? I suspect not very much. Chances are good the spend to support the account was more than they were earning. Management is a seasoned group and would have anticipated this sp action. If they know this then the bigger question is why do they let sp to slide? Is it possible with the 8.1:1 consolidation reducing the float to under 9M shares that they have received an offer? Reducing minority interest reduces resistance. Being incorporated in Delaware as they are means they are not required to inform shareholders of an offer and as such can reject it without the usual voting process. The fly in the ointment is of course the NASDAQ listing. SP crashing in advance of such a move is counter productive. Again we're left on our own to pontificate. Everyone thinking of the worse case. There seems to be more to this than what meets the eye. GLTA