These quotes are posted from the same source. Some on the other site seem to thing the master plan was to take DECN private. These quotes indicate a very close relationship with management. Now it looks like 40 million shares are going to hit the market, are these Platinum shares? Very interesting insights for sure, because it looks to me like DECN could go private and the lawsuit settlement to the purchaser.
My guy tells me that 20 million shares are available and would hit the market once the share price goes above $.15. Another 20 million shares are available once the share price goes above $.20. You do know that a holder of 4.8 million shares died recently and his fund liquidated or is still liquidating?
Take that and then make an offer that one of the company's real financiers cannot refuse, line up one director (a rat escaping the woodpile) so that the acquirer can claim continuity, but its really about money, and we're all outta here at $0.25.
Now do you want that, or do you want Mr. Berman to do you proud, buy some time, wait for the J&J settlement, continue to grow the business, add new products, and wait for the next offer, because there will be one, only the next offer will come with the company having $10 million or more in the bank.
I have seen the NOBO list. As one of my last acts before retirement, my company asked me whether we should conKB told me recently that there are less than 20 shareholders who own more than 100,000 shares and the company keeps in touch with most of them or they keep in touch with the company. These people have the resources and probably (I have never asked) would not quibble over pennies. They would probably ignore a direct plea. I am one of these people. In my opinion getting 50 milllion shares tendered would be easier than getting 50 million shares voted.
KB told me recently that there are less than 20 shareholders who own more than 100,000 shares and the company keeps in touch with most of them or they keep in touch with the company. These people have the resources and probably (I have never asked) would not quibble over pennies. They would probably ignore a direct plea. I am one of these people. In my opinion getting 50 milllion shares tendered would be easier than getting 50 million shares voted.
Yuh, good point . If the BOD accepts the offer or negotiates it and then accepts it, that will still be higher than the price shareholders will receive in a tender offer. DECN shareholders are not a fickle lot. And the battering KB is getting on the iHub board tells me that shareholders want out because non-shareholders are telling them that is what they want, ridiculous things like people who served jail time telling shareholders there will be indictments, and the pounding is relentless. If the sentiment changes from this anger to what went on the old Yahoo Board over a cash dividend, then better get ready.
But for me, weav is my canary in the mine. If the offer is $.25 or $.30 a lot of guys like weav will be gone like a cool breeze in July ... enough to vote control to a suitor.
DECN shareholders will never tender for the stock. They want to sell, not buy more ... and they will sell at about twice the 200 day moving average.
I did a stint in M&A a few years ago for a company that had a business model where we acquired one small company or another every month, sometimes in our space, sometimes not. The easiest companies to acquire were the single shareholder private companies. Make a deal, own the company. The second easiest companies to acquire were small public companies, because small public companies always have bad bad bad shareholder bases. Go to the base, make them a terrible deal, and own the company because they want out and have come to hate everybody associated with the small company. Psychologists would say that these people probably hate themselves and then transfer that hate on to management. Nonetheless that's how it works and that's how it might work here. Mr. Berman did a year in M&A earlier in his career. Do not be surprised if he does some things that make no sense to small shareholders. He will be protecting his legacy and when doing so will be protecting the legacies of people who have never met or spoken to him, but hate him all the same.
