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Quiet board, I am still looking at buying, just waiting on the opportunity. Enjoy your evening all.
No problem!
It should (your broker will handle it)
So will it cash itself in automatically?
Read the news. You get $2.50 per share in cash.
What happens now if you have shares with TWGP?
Only the management and the acquirer know the answer for sure! TWGP is hyper risky player as a Nasdaq stock at still very high price compared to its negative real value (the previous quarter's book value is negative -$0.36 per share)! Check the latest finance report and the most recently further downgrading news etc.... Last Friday the price ever crash to the new low $1.42 (which is $0.2 lower than the current 52-week low $1.62) in the AH!
So what's the hard truth here? Is it worth waiting for a turn around or will this get worse? How likely is a bankruptcy? Should I just cut my losses and move on?
As I predicted the Book Value crashed to the negative -$0.36 now from the previous $0.59! So in the next report the BV will be very negative then the so-called deal will fall off or the bankruptcy kicks in...
Finally some upward movement. This is really taking off
It hit it's bottom that it made a couple of other times. Nice time to buy in IMO
The new 52-week low $1.62 was created the day before yesterday! More new lows will kick in very soon until the so-called merger deal fell apart... Sell ASAP before the huge pos scam drops to below the current BV ($0.59 a share)!
The merger agreement is attached with many very challenging conditions which are almost 100% possibility to fail by the time for execution due to TWGP's terrible financial balance sheet by then... Based on the previous price crash pattern TWGP should hit the new low $0.5x!
Why would the response letter state they will agree to the terms of the merger
TWGP hit $1.73 in the AH after the news! More new lows will be created very soon since the merger deal will definitely fall off due to the much worse financial disaster ahead...
Why is this down acp agrees to all terms of the merger
As I predicted the book value crashed to $0.59 from the previous $1.76! So in the next report the BV will be negative then the deal will fall off...
The CEOs will most definitely drive the stock down even further and the price offered in the merger agreement will once again be downgraded.
Anyways, more info from these guys here, them seem to be contacting all shareholders:
http://towergroupshareholders.net
The delayed quarter report will shock the market again with further deteriorate finance which will blow off the so-called $2.5 offer...
Nobody has to say anything to know that this could be heading for bankruptcy. This is just my opinion. The next two quarters are crucial in showing investors some tangible progress. People don't invest in failing companies
Where did you hear the bankruptcy rumor? What are the reasons for Q?
LOL, With today's good news why the price could not go up to hit $2.5?
IMO, The so-called $2.5 deal will fall off at the 99% possibility! Which is why the price crashed to $1.82 so far...
How did you know, LOL?
I wish they file the bankruptcy since I had shorted many shares here!
I smell a bankruptcy in the near future. Bring on the Q!! This thing us crashing
Quick bounce from the new low $1.94! Hope to see $2.05 or higher again to make some quick bounce gain... What an huge pos scam!
Wow, TWGP hit $1.94 so far! Most likely the $2.5 deal will fall off very soon just like the so-called fluff $3.75 deal...
Should You Get Rid of Tower Group International (TWGP) Now?
By Zacks Equity Research 3 hours ago
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Tower Group International, Ltd. (TWGP), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in TWGP.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from a loss of 13 cents a share a month ago to its current level of a loss of 35 cents.
Also, for the current quarter, Tower Group International has seen 1 downward estimate revision versus no revision in the opposite direction, dragging the consensus estimate down to a loss of 38 cents a share from a loss of 37 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 14.4% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
Today's ending action further proved: TWGP is a pos scam and always underperformed the market despite the recent analyst's upgrading it to the "Market Outperform" rating! Now the price is at 18% big discount compared to the $2.5 per share cash offering price!
Gap up today as I predicted yesterday! Up 4% to hit $2.15 so far...
Oversold today! Tomorrow TWGP will gap up and might test $2.26 soon!
Both the endless book value crashes and endless deal price crashes!
What makes you think this company is a scam?
Wow, this pos scam just hit another new low $2.08 so far! We should see $2 very soon... Sell ASAP before it breaks down $2 and hit $1.65 again!
Up 3.3% to hit $2.22 so far! Let's see if it will test last Friday's AH-high $2.26 very soon...
Tomorrow TWGP should retest the high $2.26 and the low $2.14 since $2.13 was the fake low (only 100 shares manipulated at $2.13)! Total only 3,400 shares sold at $2.14 in the AH of Friday v.s. total 23,500 shares bought at $2.26!
LOL, only 100 shares dumped at $2.13 right before the market close! Which was the obvious shorter's manipulation! All those $2.13 ~ $2.14 shares were sold below the bid $2.15 anyway!
Wow, 23,500 shares slapped at the ask $2.26 in the AH! What happened at the market close and in the AH? TWGP hit as high as $2.26 and as low as $2.13 after 3:59PM!
Close up at the daily high (up 0.92%) today! TWGP should test the resistance $2.25 tomorrow unless some bad news kicks in or Nasdaq declines again tomorrow... Nobody is perfect anyway!
Today is the third day to hit $2.25 since TWGP found the support at $2.15! If the resistance $2.15 could not be broken out then $2.15 will be broken down very soon...
Wow, yesterday's bad news only took the price down one penny! Stronger now? Anyway you would never see those $2.51 ~$3.01 again...
Those who bought the shares at $2.51 ~ $3.01 after the fluff news will never recover their losses since the deal is fixed at $2.5 (it will be the forever top price) now!
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