Posted On: 09/16/2015 3:02:24 PM
Post# of 11039
Agree. I think we are talking about the same but from different perspectives.
If going private, a fair price is the market price plus a premium. But not in this case where price has been manipulated and shorted. 0005 market + a premium of 0002 just doesn't make sense.
That's the reason I mentioned the conditions of the merger, which also need to make sense. We could also have the case of a private deal where conditions are manipulated to take advantage from shareholders.
Anyways, FINRA's approval is required.
If going private, a fair price is the market price plus a premium. But not in this case where price has been manipulated and shorted. 0005 market + a premium of 0002 just doesn't make sense.
That's the reason I mentioned the conditions of the merger, which also need to make sense. We could also have the case of a private deal where conditions are manipulated to take advantage from shareholders.
Anyways, FINRA's approval is required.
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IMHO
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.
