Wow, I checked out to begin my Sabbath at around 4:15 PM on Friday, and when I came back here a few minutes ago, I started reading the posts I had missed from the bottom up. So I was all set to thank Knife for his kind comments, and then I kept on reading more posts. I kind of guessed that something was up when I saw that there were already ten posts on a Saturday.
So here's my take:
1. Subject to getting a deal done - and the Winthers would not have entered into this agreement unless they thought a deal would be done - my board colleagues are going to do very well here. It will be so much fun for me to read Cashbuyers Tweets.
2. The Winthers would not have entered into this arrangement unless the deal would be profitable for them, meaning that it will be profitable for all shareholders. What will differentiate the Winthers plus Jake Perlingos from the rest of the shareholders is that the management team will all get sweet employment contracts going forward.
3. Don't worry about the difference between buying the company and buying the assets. Remember who's selling the assets, namely the company, such that the proceeds of sale will go to the company which will be left with a heap of cash to be distributed to the shareholders in a liquidation.
4. The proceeds from the initial piece of the transaction take the toxic debtor out of the picture. Can you only begin to imagine how much more the company is now worth with the toxic debtor out of the picture???
5. So I was wrong in thinking that the stock would soar this past Friday afternoon. It will take until Monday morning. The stock will sell at a substantial (20%?) discount to what you'll be able to get after the final deal goes through in order to reflect the always-present uncertainties that go along with tentative buyouts.
6. Watch for a record-breaking number of posts on this board on Monday morning. Lots of you will be selling out your positions and leaving the last 20% or whatever on the table, and that's perfectly logical. Others of you will be selling enough shares so that in your minds you'll have only your profits remaining as your involvement in VHUB. Whoever commented that the Winthers would not be making this deal unless it worked well for them was totally right on the money here. ...and whoever looked for anything about PLY and came up with little translates into that PLY is probably privately held, so my own prediction that VHUB might go private may be turning out to be not that far off the mark.
7. One of the greatest gifts we are given is "anticipatory grief." ...meaning that we begin to mourn before a loss when we know a loss is coming, so that the grief when the loss actually happens will be more manageable. So where in the midst of all this good news is a loss - I'll miss you folks when the time comes that this board will be shut down.
8. Overall, the gang here, especially Decatsmeow with his large number of shares, now knows the "operational definition" of "happy new year." ...meaning that Santa has arrived only a week late bringing profits with him as he descends the chimney.
