Learn to read the PR's
IDS CEO Patrick Downs stated, "The offer currently proposed for the common stockholders of the market represent a substantial premium to current market prices. HLS has stated the reason for the significant premium is to entice insiders to surrender their shares during the buyout. I believe considering the nature of most investors today who seek shorter terms gains over long term investing this offer, when consummated, would fit their investment parameters. As CEO I personally do not plan to sell my restricted shares of common stock for the $2.35 offer. Some insiders have stated they will sell a portion of their holdings under this offer but no insider has filed to sell their shares. My goal is now, as previously, to continue to pursue long term shareholder growth but I feel an offer with this premium to the market when consummated will benefit the majority of the public shareholders."
I believe considering the nature of most investors today who seek shorter terms gains over long term investing this offer, when consummated, would fit their investment parameters.
