Post by
stocklover on Mar 26, 2008 1:51pm
make an offer to acquire all of the issued an
My Canaccord Broker friend tells me : Word out of Canaccord apparently Trader Corporation will make an offer to acquire all of the issued and outstanding common shares on a fully diluted basis of ROAD NEW MEDIA CORP/RNM at a price of $.155 in cash per share The transaction is to be effected by way of a takeover bid. Trader Corporation publishes approximately 200 publications and 20 web sites covering four product verticals: automotive, real estate, general merchandise and employment. The company’s publications have a weekly readership of approximately 1 million and its network of web sites attracts close to 3.5 million unique visitors per month.Trader Corporation is a Canadian leader in print and online vertical media. The company was formed in June 2006 with the integration of Classified Media (Canada) Holdings Inc. (Trader Canada) and Trader Media Corporation (TMC) We may very well see a breakout as positions are being taken this week trading at 3cents so it's not too late and little downside risk. Great opportunity to make some money before the News hits all the wire services.
This is not an endorsement to buy or sell this stock