Herborium Group Inc (HBRM)

[stockbull01]

Hey Brooksda,

That is one reason in which could be the case. Another reason was for protection. If someone had been accumulating (which appears to be the case), at a steady price, and had reached 20% of the a/s which would have been close to 200 mil shares, they could have tried to pressure the board into selling to another entity for next to nothing.

This type of thing happens all the time. Look at Carl Icahn. Herborium, (imo) is a PERFECT company to takeover. The Ceo and director have made some serious progress in the last year (imo) and if someone with the creditionals was appointed the new ceo, which always happens when companies get bought out, that company could make a lot of cash very quickly.