Post by
xdarkcloudx on Sep 16, 2013 12:03pm
And Just Down The Block
Neighbour ARCAN RESOURCES has been flying high from .35 to .90 in ten days . Everything pointing to this one being grabbed up?
Comment by
zeus55 on Sep 16, 2013 12:05pm
Sure looks like ARN is gone, or at least they are selling DM2 to slash their debt load. Obviously someone knows something. :o)
Comment by
raggetyjack on Sep 16, 2013 12:14pm
Something is definately up with ARN but to use Zeus math they should fetch 31% over lowest price of .34 for ta takeout price of .45....absurd just like an offer of $2.85 for TOL. Management and board have a full 2% of shares in TOL 8% with options. They get to vote a full 2% on this bogus deal.
Comment by
zeus55 on Sep 16, 2013 12:41pm
Another dumb comment raggety
Comment by
Marlbank on Sep 16, 2013 7:32pm
Nobody owes me nothin', Zeus. But based on available public information and forward number projections, this is a really ugly deal. Better not to have sold at all.