:) Yes we do all have our own opinions, and that is precisely why stocks go up and down. When more people agree the moves are generally stronger.
But I digress... back to the merger... If there is a huge hidden debt or other obligation, it may be better for the company to forget the whole merger than take on that obligation. Although it may not be better for the shareholders at that time, it won;t have been for nothing, it will have been to save the company from getting involved in a huge legal, financial or other mess.
I have seen dirt turn up at the last second during M&A processes that has made the whole thing not worth doing, or worse yet, dirt that turned up too late, making the company embarrased to admit the deal was ever done. The extended DD process seems to indicate they are looking to avoid that scenario.
They may also not merge because one side or other has a ridiculous list of demands.
I am not saying that any of these is the case, just outlining some of many reasons I am in the IF camp. That and how it was once an acquisition and never very clearly PRd, and Desi just doesn't seem to be too on the ball when it comes to CEO things, and they're a pink, and there is so much future growth and news hinged on this merger. (I think if h hired and experienced consultant he'd be doing something really good for the company)
There must be more WHENs than IFs or it wouldn't be sitting at .017-.018 for so long, that's a good thing (for the stock) imo.
It's more about what's good for the company than who's right or wrong, but I get your point and I really wouldn't mind being wrong. I am an IF either until the news comes out or the price falls though the floor - at which time I back up my little truck and load up with shares for the run or the bounce.
GLTY
If you're not living on the edge, your taking up too much space.
AI
