![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, July 07, 2006 3:20:47 PM
A buyout came on the 27th of July, news announced at 8 a.m.
With an hour and a half until market open, what would happen if the stock's at .11cents?
Let's also say before we answer this that we realize GFCI is 24million shares short, and we've know this before the 27th PR of a buyout at say $1.50.
With 13 million shares left on the float, how many shares do you think it will take to get to $1.50 before the open? Or do you think it would make it to a $1.50 on 13million shares before the open?
Here's the thing...
Even if there was a short, and on less than probably 8 to 10 million shares [or maybe less] we would reach the $1.50 mark, and... the shortage of shares wouldn't matter. Once trading is done that day, what happens to the shorts? Everyone pays except those who own GFCI and the company doing the buyout. So I don't see [at least for this purpose of a buyout in this type of scenario], why the shortage of shares would be that big of deal. Would it cancel or stop xyz company from buying or GFCI merging into another company at the point of pen-to-paper? Nada! It'll all come out on the wash.
JD has one option in my opinion, clean up the shell --- then merge into the best offer and best opportunity for all shareholders.
Temp'
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM
Snakes & Lattes Opens Pop-Up Location at The Wellington Market in Toronto: A New Destination for Fun and Games - Thanks 'The Well', PepsiCo, Indie Pale House & All Sponsors & Partners for Their Commitment & Assistance Throughout The Process • FUNN • Jun 13, 2024 8:18 AM
HealthLynked Introduces Innovative Online Medical Record Request Form Using DocuSign • HLYK • Jun 12, 2024 8:00 AM
Ubiquitech Software Corp (OTC:UBQU) Posts $624,585 Quarterly Revenue - Largest Quarter Since 2018 • UBQU • Jun 11, 2024 10:13 AM
Element79 Gold Corp Files for OTCQB Uplisting, Provides Financial Update • ELEM • Jun 11, 2024 9:25 AM