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I hope people here have already thought what the impact of the form 15 means for next weeks trading. There are no more shares available outside of retail and institutional shares for sale!
When the same people touting a month ago $1.00 to $1.50 pps buyout, now say the stock is worth what the market price is...
Doesnt it make you wonder a little bit?? LOL
The only shares in my opinion for sale next week are retail shares, the instiutions already know what they are holding.
Who cares? Have to get the day to day pps out of your head. Makes no difference now, this is game, set, match. Only question now is how much is the buyout for?
Renee, I respect your opinion but if that was true, why would ATRN need to bring in heavy hitters like Goldfarb and Fong? If that was all they were trying to accomplish certainly they could have done that with about any ceo or cfo. Why bring Fong in, someone who has a background in mergers and acquisitons? Why would either of them accept a position with ATRN if that was their end game? Makes no sense.
Why does all of the sudden does Baker have on his Linked in profile that he has experience in mergers and acquisitions. when he has never had a history of such?
Why if that was the case would ATRN go ahead and merge, before taking that step? Obviously the company is marketable. That is a step of desperation that would signal a company is going to have to drastically reduce their business exposure.
Your opinion to me just does not seem to fit everything we know.
It is my opinion. Based on history of the form 15s I have looked at and buyouts. In addition common sense, no company like ATRN is going dark for a long period of time. Can you imagine the whispers among their competitors to potential clients at trade shows? Going quiet for a long period would hurt their credibility with any potential new clients. On that basis alone, they will quickly arrive at a buyout.
If not Thursday after the close bet it will be no later than Monday premarket the 9th.
It has been posted on the board a link with a study on companys going dark. In the case studys it is always viewed as a negative by stockholders. Therefore the pps drops, it is considered a normal reaction. Not surprising, there was strong buying into the close on Friday.. Too lazy right now to find the link on the study.. but made for interesting reading. And is a mirror of what we have seen so far on this board.
Welcome, stay posted for news after next Thursdays close or Monday the 9th premarket. It is not in ATRNS best interest to prolong this if they are indeed going private or even merging with another company. Would be a negative with their vendors, existing clients, and future clients they are pursuing.
You can bet that if I was one of their competitors and they did this I would use it against them every chance I had!
IMO it has been planned exactly down to the day that they would go dark.
LOL! Agreed!!
Doubt seriously if the buyout pps. is under .80 cents per share. Look at the last company Dyne took private,paid more than a fair price to stockholders.
Dr.Wright has it posted on the Uptank board, it has been posted on here as well however it is too early in the morning for me to look it up.
Probably will fall more next week, what little trading will be done. Buyout, a certainty IMO. Know what you own, research Dyne's track record, Fongs, and Goldfarbs, connect the dots. This has been in the works for almost a year now.
Wont be for long. ATRN will have a pps offer on the table by the close of next Thursdays trading day. Do you think that they are going to prolong this when it would hurt their relationships with their clients, and future business?
Look at Dynes last merger, took 4 days after they filed form 15s.
We will know by Easter weekend the buyout price. IMO
Really doesnt matter now what happens to pps. Unless some retail sellers/buyers trade a few shares.
One of the reasons that I believe we will hear the offer on the pps within a short time. Would have a negative effect on existing customers and prospects for future business.
Let me ammend my prior post. Since shares wont be trading the pps will not bleed downward any longer. Still the company will not want to go "dark" for any longer than next week for the reason I listed. They will not want this to negatively impact their relationships with clients or future clients, if indeed their intention is to go private.
I believe we will see a buyout price week after next if the company is planning to go private.
Why, going "dark" not only has a negative effect on stockholders, it also negatively affects the companys relationship with vendors, but even more importantly CUSTOMERS or POTENTIAL CUSTOMERS. Next week is a short week, my guess is they will let the pps bleed downwards. I would say the following week we will the 8k for the buyout offer. They are not going to wait long to get that behind them if they are going private. Any negative effect on present or future customers would not be in their best interests.
Exactly!! Why would anyone who has done their dd sell at these levels? They have to pay fair market value for the stock, who believes for a moment that .11 cents is fair market value?
Think People!!
I call BS on that 13 wall.
LOL!! Nope it is GOOD, very very GOOD!!
Thanks for sharing! So we should be getting some definite insight in a few more days!! Great News!!!
Very ridiculous, and if anyone declares that to be fair market value, obviously has ulterior motives.
With the company timeline when they made the announcement, would definitely say April is the month we will hear the news of the asset sale, and merger. Doubt if it is late April either, thinking by middle of April. This one is going to be a heck of a play!! IMO
If BD owns the majority of shares, then they can approve whatever merger price that they deem the company is worth. That said I would doubt that they want too much grief from the minority shareholders.Companys that sell, go private, usually pay a premium over and above the share price. My guess is at least .50 cents per share. However if they do not make a disclosure soon it will be a waiting game that could errode the pps in the meantime, and give shorts a field day with the fear factor. Hoping for the best!!
Thanks for the update Miami!!
And as we have been saying all along when they first announced they were in negotiations for a merger, It takes time!! When I sold our privately held company it took at least 60 days for the sale to complete. Negotiating, going back and forth to lawyers to make sure the i's are dotted and t's crossed. It is not like buying your neighbors lawnmower with a handshake agreement at your local bar as some seem to believe.
With the timeline of the announcement am sure we will get juicy news soon!!
How did I misquote your post #9892, Your exact words were " Conditional loan is not a business term no matther how you twist it" You then went on to say it was used only in Mortgage instances. You challenged me to find that term used applying to businesses and loans, I gave you an example, one of many where a conditional loan was given per Reuters.
Now you say I am twisting your words? It would be nice to have everyone on the board read your few posts leading up to and including that one, and draw their own conclusions. It shows that you do not understand,nor have the experience in business that you claim.
Read again your post #9892. There you say there is no such terminology used as a Conditional loan agreement in business.You asked for proof and I gave you an example. Now you understand a Conditional loan agreement? LOL
Yawn! Yep you are right, and I am tired of this for the night, have fun!
LOL! So they completed the project before having a conditional loan approved? LOL
Tell me how long was the lag time between the time the Conditional loan was approved and when the funds were in their account? That would mean something, your argument here is irrational.
That is a funny answer, are you reading the posts between Cassandra and I? She stated their was no such thing as a Conditional loan in business. I told her she was wrong, I was providing proof. A conditional loan can have several different meanings.. not just one. But of course one is that the funds are not transferred into the borrowers account. Got it?
Read my prior post, I just gave you an example.
Your credibility is non existent in that field, if you have never heard of such.
LOL! Funny I was thinking the same thing about yourself! Congrats! If you can understand that the lender probably has to make arrangements to transfer moneys. Dont think you are getting that part!! LOL
Again in your opinion!
Way to go Captain Obvious! Of course it is conditional upon the money transfering to their bank account!! What part of that dont you understand? LOL
Dont you think it would be a good idea to include that in your post? Otherwise your posts give the indication that you have some type of inside information. Which I am certain you do not
Factbox: Companys with Conditional Doe Loan offers. Per Reuters
Sept. 14, 2011
Abengoa recieved in August 2011 a conditional commitment for 133.9 million dollar loan guarantee for a construction of a Kansas plant that will produce fuel from cellulosic biomass.
And your background again was?
I am certain that I could, and can you provide a basis for what you are stating in your post?
That is merely a formality and to say it will not happen without being privey to the interworkings of the company is hearesay. You should preface your remarks by saying that it is your opinion, and not declare it to be fact.
You are obviously unaware of a business agreement drawn up when two companys are in negotiations for a sale or loan. I have been involved in several and I can assure you this terminology is used quite often.
That is correct!
CONDITIONAL LOAN ANALOGY:
I have personally signed many loans in business and they are as Miami said conditional until money has changed hands.
For example if I came to you John Smith and asked you for a 10k loan and we drew up a contract, dotted the i's crossed the t's had it notorized now we have an agreement. But what if you dont have the 10k in your hip pocket? Is the loan in effect? Of course not! It is conditional on the premise that you are going to transfer the 10k in my bank account.
Every contract or loan is conditional until money has changed hands. In this case we are talking 10 million dollars so undoubtably it could take a week or even up to a month for the funds to transfer. That is quite common, when I signed a letter of intent to sell my company to a publicly held company the terminalogy of the the agreement was CONDITIONAL!! Based on the funds transferring into my account!
Thinking this stock will double today, what is your take on it Moose? Or are you thinking more with the fantastic news that came out? Great Day yesterday and looks like by all the positive posts here we are going to see a fantastic run over the next several days.. weeks for this stock!!