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Re: Gustavo Fring post# 6835

Thursday, 01/05/2017 4:57:29 AM

Thursday, January 05, 2017 4:57:29 AM

Post# of 8579
Hi Gustavo, to answer your question, let me copy into this post the guts of my earlier post 6707 from December 31:
PLY will buy all of VHUB's assets. With the money VHUB receives, it will pay off the accounts payable and any other debt. There'll be lots of money left over, and that's what will go to the shareholders. In the end, it's not much different than if PLY just bought the company as a whole and paid the shareholders directly at the pre-set price.

So, the point is that you should benefit the same from the asset purchase as you would from PLY just buying your stock outright. Much of the thread since last Friday afternoon has been devoted to figuring out what the per share number is going to be - you've been on this board for awhile, and it would be interesting to see what your own guess might be.

If I remember correctly, we've had guesses from five cents per share to fifteen cents per share. All the guesses so far have been way above where VHUB closed on Wednesday, so the low current price is either a matter of recognizing the uncertainty that the definitive deal has not been negotiated yet or the Winthers have not issued a press release so that the folks already familiar with the stock can buy some more.

Happy new year!