ROFL!!!! There never was any risk of the .07 buyout nonsense happening. We heard thousands of times that IHCH shareholders would be lucky to get a .07 buyout. lol lol lol
Then there was the supposed court valuation. Nonsense. The largest shareholder thinks the company is worth well north of .206/share, hence he's buying shares at .206 wholesale.
I was correct that if a buyout was coming, it would be multiples higher than that .07 a share fairy tale.
Me thinks .206 is just the beginning. When the dude owns 90% of the company, buying out the remaining shareholders for more than .206 will be petty cash.
Raw
Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.