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Alias Born | 08/13/2013 |
Monday, June 02, 2014 12:14:29 AM
FRTD and the buying company are private companies and therefore do also work on weekends.
I also do not see a problem in the exchange of eMails between Tom and individual shareholders. The trading in FRTD shares is suspended. Nobody can take an advantage out of the information. The only sensitive information would be the name of the buyer and that name he kept secret. So before FRTD is back trading on the market there must be a public update and with this everybody is again back on the same level of information.
I'm pretty sure the lawyers of the two companies went over the paperwork not just once. Typically the papers exchange more than once before everybody is happy with it. Once both parties are fine the documents go to the SEC. Let's see if they want to have adjustments or not. If yes we need another day if not the announcement is good to go on air. Either we have it on Monday before the market opens or after the market is closed. I don't think it is gonna hit the buying company while trading.
No worries. FRTD is going to prevail.
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