Re: Thoughts Re: Lowball Buyout Offers
in response to
by
posted on
Aug 20, 2011 12:12PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
That's lots of info, but, Bottom Line Hog, IMO, the way I see if those 4 entities got their hands on 28 Million shares, when the average daily volume is 107,000 shares, that would take them 262 Trading Days, without any other volume.
262 Trading Days, would be just over 1 year. Now, if they tried to accumulate that many, with our avg daily volume of 107,000, that would put the avg daily volume up to 214,000 which should adjust the price on it's own. As well, you're still looking at 54 weeks of trading.
If we look out 54 weeks, I think the price will be the price, and I think I'll like that price.
I do like the intent of your note, cause I continually try to show this as well with the Math (which IMO is conservative the way I scale it) I also totally agree with your supportive comments about our Management!
As well, knowing and communicating with all the people we do, the AGM, etc, I think anyone would have a pretty tough job accumulating that many shares @ our current price. 28 extra Million shares trading, would put our SP at a very interesting level IMO.
Bow