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worthylion

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worthylion

Re: Myth post# 100543

Monday, 11/14/2016 12:23:13 PM

Monday, November 14, 2016 12:23:13 PM

Post# of 105534
Red Oak paid 19 (add decimal as appropriate) for their shares. Even a bad liquidity event yields them at least a 3x. Thats what I meant by taking their profit and moving on. It's not a great leading indicator for SHs of the ultimate sale price that the process has stalled. On the bright side, Red Oak is apparently negotiating hard for a better price. I just don't see them abandoning the process and electing to own their position for the foreseeable future.
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