dc key, first, I'm delighted that you've passed the hurdle of being limited to three posts per day. You've got a lot to contribute!
Second, what fascinates me is that it surely seems, to me at least, that VHUB is more undervalued right now at its close today than it was before PLY came along this past Friday afternoon. ...even though the share price is a lot higher now than it was then.
The "regulars" here really are now transformed from long-term investors to arbitrageurs, believing that the stock is selling for a steep discount from a future-transaction's value - and endeavoring to benefit as that discount will narrow the closer we get to effecting the transaction. It takes nerves of steel to be an arbitrageur (the first draft of this sentence was a bit more plain-spoken and male-oriented, but I guess I've given in to political correctness at my advanced age).
What's a bit unique is that we're all left guessing for now what that transaction will actually look like, but believing that there's no way that the Winthers/Perlingos would sell out for less than X per share, with X varying from five cents to thirteen cents depending upon individual beliefs as to what it would take for the major shareholders to sell.
Where there is a difference of opinion on this board is whether there is anything from just wisdom all the way up to obligation for a press release to be composed and issued. There's a case to be made for any opinion on this matter, and no one ought to be ridiculed for whatever opinion they might hold. Right now, my opinion is that the company really ought to send a letter to its distributors explaining what's going on in terms less challenging to understand than the 8K (and a couple of fine distributors who are board-colleagues here will share the story with us in due course).
I hope that tomorrow will be even better than today!
