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Is there any particular reason a buy at the asking price won't go through?
Hope so. I'm out of here for a few days. Happy holidays.
Anyone have a list of the asks behind the 3.50?
I got in later at just over 4. Really curious about today.
This could lead to massive volume in the 200-300 range. I do wonder who owns all the shares.
Slojab - do you still own any of AFLH? Something curious going on as my shares reverted back to the pre split number. You have any news?
By the way, there was a PR today. Not much info though.
Somewhere in the past - and I don't remember when - the topic of additional shares being offered if the company got NASDAQ listed came up. Makes sense as a means of raising capital for investment or acquisitions but I don't see it happening anytime soon.
As for the lack of trading activity, I think a lot of the POFG shares were snapped up by Amstar investors while they were cheap. They probably own almost all the shares of AFLH.
Yeh, it was a quiet day. I wouldn't expect much until they issue additional shares.
Atout - the RS went through. AFLH starts trading tomorrow.
I didn't get in until late October.
That was me. Just doing some bottom fishing.
No trades, no nothing - What is with this stock?
Another day with no news. I'm afraid this merger may not make it as far as the last one. I wonder what the management of POFG - the old UPWY - want for their shell?
I was afraid you might say that but why would Amstar be willing to pay so much for them? Seems like they (Amstar) could find a better deal if all they want is a shell.
Still gets back to the old adage - the worth of something is only what someone else is willing to pay for it.
I get the same feeling you do. Wonder what POFG actually has or does?
This stock has had a most curious history. I can at least trace it back to when it was U. S. Power Systems (UPWY) and was trading at .15-.30 in the May-June time frame. It then bought Premier Organic Farms Corp., changed its name to Premier Organic Farms Group, Inc. and took the stock symbol POFG. Then in September it essentially spun off Premier Organic Farms for the stock it paid for it.
Going from whatever they did as a power systems company to growing fish and now to doing mortgages seems a stretch. I know I don't have all the information but the pieces are hard to put together.
In any event, please keep me posted.
Just your quess - what would POFG be worth without Amstar?
What's with the stock? Virtually no trades and a wide spread on the bid/ask. Is everybody holding for the announcement?
I may be an optomist but I'm not giving up. Even if the merger/acquistion does not happen, the POFG shell should be worth something.
Im not sure the role of the old U. S. Power Systems, Inc. in this other than the current POFG is really the old U. S. Power Systems, Inc. First it bought POF, Inc. then it didn't. POF, Inc. was willing to be bought for 39,000,000 shares of U. S. Power Systems, Inc. then changed its mind for some reason. I would think this would indicate that the current POFG has some value. Also, the fact that Amstar would be willing to pay 4% of its value for POFG also lends some credence to my logic.
Other thoughts?
If you mean what would I be doing if I held Amstar shares now - I would be holding. If I thought that the soon to be 80 to 1 POFG share price was lower relative to the worth of the current Amstar share price - I would be buying POFG.
Does make one stop and think. Somebody at POFG must own virtually all the 60mm shares and I would assume is in some type of 'quiet period' before the merger. If this person(s) gets most of the 750,000 new shares and the Amstar shareholders keep their shares post merger, there shouldn't be many shares left to float. The saving grace may be an issuance of new shares in the future.
The whole situation is weird but has potential - I hope.
Understand but the worth of the new company's shares - 19,312,000 in total - is the worth of the combination of the two current companies shares.
It also appears that the shares involved in the stock swap may not be the shares to be issued. You may be correct about the new share division ratio not being directly related to the worth of the current POFG shares as compared to the current Amstar shares.
I know Amstar is not public now but it must have stock. Pofg will exchange their stock (the reverse split stock) for Amstar stock at a 1:1 ratio with a predetermined percentage going to Amstar - about 96%. Does this not tie Amstar stock price directly to Pofg's stock price?
If the price of POFG stock is going down, wouldn't the same be true for Amstar stock since the exchange and percentage ratios are set?
Is there anybody left out there that has anything to say about POFG of Amstar?
That's the same method I calculated on post #375 but the SP was higher then. I still have the same question though - is this MC high for a company this size or do most agree with the previous posts that .03 is about the right price?
I don't know either but if anybody does finds it, please post your logic. This one is a puzzler.
Slojob-
After rereading post #293 I see your point. However, I agree with you on the confusion on the 'new' share distribution. I guess it comes down to the preceived worth that each current company brings to the new company.
Also beings up the question of how many shares will float. If the shareholders of both companies thinks its such a good deal, why would they sell their shares to the public?
It would seem to have been a lot simplier for Amstar to just buy POFG with stock and be done with it.
As I see it-
1. POFG does a revese split(1:80)that leaves 19,312,000 shares
2. POFG trades stock to Amstar on a 1:1 basis - 18,562,697 shares
3. Company is named Amstar International, Inc.?
4. Amstar lists itself on the NASDAQ Board?
5. Amstar issues additional stock for funds?
Just a guess.
I calculate that the market cap of the 'new' Amstar is about $70mm based on today's closing. Does that seem high to anyone else?
If POFG doesn't have any assets - having gotten rid of Premier Organic Farms,Inc. - why is it worth $2.8MM at the current stock price?