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Thanks Dennis!
Great day today for DMTN. It made a new 52 week high on record volume, and closed up almost 43%. Each day we get closer to the buyout, the higher it goes.
Bench
Nevermind, I see the trade at .105. It came in 3 seconds after the one for .11.
I have the last trade as 3,000 shares at .11. Does someone have the time and sales for the last 5 minutes?
TIA
Bench
Blue, do you know an address for the Lesko Investment Company?
TIA,
Bench
I think this is in the event you have your paper certificates in hand.
``In order to complete the sale process quickly and have maximum shareholder participation, we intend to proceed with an electronic proxy vote or via teleconference instead of the previously announced stockholders meeting. Instructions on how the company intends to complete the shareholder proxy vote in the timeliest manner to satisfy SEC rules will be provided through instructions by the company in a forthcoming press release."
This says to me they want it done before the 28th (the original date of the stockholders meeting).
This is huge! They are looking to speed up the buyout process.
Bench
zin, the valuations are given on the assumption that the deal goes through. If the deal does not go through, then TKAT is not worth .40. That is the big question here (whether the deal will go through). Seeing as how it has been postponed twice, the confidence is not as high in that regard right now.
Bench
Do you know when they contracted them? It may have been prior to the buyout. If so, a deals a deal.
.40 a share was the valuation I had come up with as well, based on the information provided by TKAT on the Taiyuan Rongan Business Trading Company.
Bench
Was VFIN on the ask yesterday when it was at .0865? It took 262,000 shares to knock it out late yesterday afternoon.
TIA
Bench
There is always some risk of the deal not going through built into the price. ECIL, which was a reputable company on the NASDAQ, had a buyout of $10 a share approved by it's board in July. In August the share price went as low as $8.90, and was at $9.50 the day before shareholders approved it (September 28th). Once it was approved, the stock shot up to almost $10, and then the next trading day it was removed from the NASDAQ, and the deal was completed for $10.
DMTN is a pink sheet company. There is a lot more risk built into the price than there would be for a company on the NASDAQ.
I think as it gets closer to the shareholder vote, the stock will rise significantly. The CEO going out of his way to assure shareholders that the deal is for real, like he did yesterday, will also help.
GLTY
Bench
Thanks! That some really good DD!
Bench
Just bought in here. The deal looks real to me. GLA
Bench
Hi none9999 and RBB, I sold around .07 today. I did not want to risk a PR not coming out tonight.
GOOD LUCK!!
Just joined you guys at .0095. I hope this works out like my last two.
Bench
Buying coming in. .07 x .075, last .075.
I think we are all focused on the newswire :)
Good luck all! Tomorrow should be the BIG day!
Bench
It's a domino effect. With the price not moving, some people decided to cash in now, and not take a chance on the deal not going through. Once a couple of people did that, it created a panic IMO.
Two Hours left to go
I wonder how many shares are left out there. It looks like there may not be too many.
.09 gone, I think we see .10 today at least.
.09 will be first resistance. If that falls I think we get .10.
Very good move up today! I would have liked to have seen .10, but will have to wait for tomorrow morning.
TKAT is setting itself up nicely for a big run on the 17th, IMO.
We didn't get .10 by noon, but maybe we'll get it by the close.
LOL...Busy morning for me.
I think we see .10 here by noon.
VERY HAPPY :)
That link is hilarious. Thanks Dennis! :)
I agree. The chart looks great. Thanks RBB!
Thanks none9999! Have you spoken with the CEO since your last post about talking to him?
I agree. I was hoping for a .075 close, but at least we broke over that intra-day, and closed in the green. Just two trading days left before the merger now.
Welcome aboard! Please give us a board mark.
Thanks!
Good bye .07 :) Now .071 eom
rbb, how many do we have for sale left at .07? TIA
Buying really picking up now. .07's should come soon.
No gains given up after yesterday's big move up. TKAT should break .069 tomorrow, IMO. The merger is getting very close.
Volume and Price picking up. eom
I agree. POPT was huge. That would be nice to see that here. Speaking of that, the ask is back at yesterday's high: .069