Hum- agree, 6/30 is the end,12/30 is for cushion until the transaction closes.
AS to the the buy out speculation or lack thereof, the company sent a mixed message as to what they were up to. But they also sent a message that "5-6" EDS makers were taking DEMOS. ( my read).
While a buy in would also require a declaration on the converts to look at fully diluted or potential fully diluted, I think the larger point made was where DM stands on anything with regards to a price of the company or a price of a share.
Buy in is too complicated and not in anyone's best interest EXCEPT a long view shareholder ( the in-company longs may be the best description of this shareholder).
Its pretty easy to guess who would benefit the most from ISC's IP wonder chest: L3 and ANALOGIC--but do both have the WILL and the WAY? I think both can produce a paltry amount of their shares, take this over and be immediately accretive with ISC growing revenue stream and both can easily intake the talent corp at ISC and turn them loose in their respective divisions, so the question is, which one has the strategic vision to want to grow their security divisions via new product development?
It is also safe to assume that one of these companies is who McGann was referring to in regards to keeping ISC working toward its ultimate goals. ISC would from up a R/D-PROD. facility or unit for one of these two...so which one is it?
Note, if ISC longs can't 100% say a BUY OUT is in progress, then who can? Not the market. Not the clueless shorts. Not a leak from within any of the potential companies. And not the firms hired by ISC...so where does the outside opinion come from that drives interest/speculation? It doesn't until a paper is signed, then magically, watch the SP rise to anywhere from 40% to 150% BELOW the buy out, then leap to just under the buy out on PR of buy out. That's how it is usually done and this deal is conforming to the usual sequence of events.
