Wednesday, October 04, 2017 12:33:27 PM
1) Allows strong longs to collect more shares
2) Scares weak longs into selling. This is good as these guys will not be around to sell into any sudden pop in price when merger is announced.
most importantly...
3) pressures the board of directors to move up the merger schedule or disclose a plan of merger before the share price gets dangerously low.
My initial prediction is playing out. Every week that we dont hear a merger in October, share price will drop 10%. This will get close to 50 cents if we dont hear anything by end of October.
Recent COOP News
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 08:24:31 PM
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