Epicore Bionetworks Inc. V.EBN

FWIW....

[rationalexuberance]

I voted "no" for the plan of arrangement today.  I can't justify selling my shares in a takeover for only 12-13 times earnings.  This is where we should be trading without a takeover.

[Bulltrader1983]

vector best values the company at $1.98 a share and a buy. What do they know that we don't. Is there a chance we could run higher and not accept the buyout? 

[rationalexuberance]

My own fair value is $2.08 so that's similar to Vector. Investors don't know how much power they wield.  If Neovia has accumulated shares the last 9mos. like I assume they did, then they need to sweeten the offer if shareholders don't accept the $1.30 (or they will be stuck with these shares in an illiquid market). Apparently, somebody thinks there will be a better offer coming

[Bulltrader1983]

Do you think the stock price could move higher even know there's a deal on the table?

[rationalexuberance]

Yes of course.  Especially if Cargill steps in and offers a better price.

[Bulltrader1983]

This is a complete steal then at its current price. I'm going to try and load up for the push to $2.