Think Research Corporation V.THNK

Go Shop Period - One More week to Go

[dt_core]

THNK's stock is still trading very near the Beedie bid but very few shares are being offered (the market Ask on THNK stock is only about 300,000 shares at 0.32 cents). With 5 NDA's signed investors continue to anticipate another bid. Even if another bid doesn't materialize valuations in the market have gone up considerably over the past few weeks which further underscores that Beedie's offer is very low-ball in nature.

In conversations with other investors I'm increasingly getting the sense that this isn't a done deal, as in if the current Beedie offer is all that ends up being on the table it may not get shaeholder approval. I guess we'll see but I'm still of the opinion that next week could be very positive for shareholders with potentially 1-2 bidders emerging offering a price considerably above the current offer. There is an outside chance an offer could come in today but bidders still have time to complete their diligence so mid or late next week seems more likely.

[Possibleidiot01]

Hoping for a counter offer  isn't usually a valid investment strategy but given the abbreviated time frame of 43 days ( legal minimum of 35 days - so it's not quite a jam it down our throats, just close ), it's what we got. Having seen one offer with 1% support succeed previously , I do think there's a good chance Beedie wins this fight in the absense of a new bidder . JMO

[zinger99]

Thanks for sharing your perspective. I do note from the cicular that the 5 NDas were as of 27 Feb. It is very conceivable that this NDA number has grown over the last 10 days.  Watching closely next week!