Post by
Kobedog1 on Dec 20, 2011 8:23pm
Put in an offer - do the due diligence
Abandon the offer and go home to compete more effectively. Can that be a scenario? Who knows ? Without a name which I think is disappointing to say the least. And I am being kind here.Saw it done to a really nice little mesh plant back in the eighties. The big boy made an offer contingent on DD, so he could look at the operations and listen to the market strategy the management naively blabbed off to him, and then they withdrew the offer and crushed the "target" within a year. I knew one of the players directly. Got these facts from him, when I hired him myself. The market never figured it out. Nobody really cares about this kind of stuff, except those who stand to benefit.So, I think this offer to buy is a beginning, as I said in my last post.And I am certainly not accusing anyone of anything , except for being far to vague in publishing this news. Who else has a view from experience, not simple opinion, founded on ego or due to pumping goals?
Comment by
Shiningstarr on Dec 20, 2011 11:05pm
It's too easy to back out without a cost, if they were truly serious they would have attachment a cancellation fee.
Comment by
Horn1369 on Dec 20, 2011 11:07pm
May be this just to get the ball rolling, any one of those other parties can start buying up the shares past 0.40!
Comment by
Shiningstarr on Dec 20, 2011 11:14pm
All we can do is guess but Lakeside is in a position to be taken out, weak financial footing and in need of money and a lot more dilution.
Comment by
honda777 on Dec 21, 2011 4:05am
You are getting warmer...You've seen nothing yet. Elated in Vegas, along with free drinks, to boot.
Comment by
CESpumper on Dec 21, 2011 7:57am
have you seen the entire agreement? i think more pressing questions for you are 1) is elvis still alive and 2) what did they find at area11. ponder those while you sip on a gorgeous glass of rum and coke.