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Friday, August 07, 2020 3:38:15 AM
"if there were deals pending or even close, those in the know would be having their Uncle in Timbuktu buying up the stock and we would be at least @ $2.00 a share."
This simply isn't true Pitcook and I'll share two anecdotes to back up my opposing opinion. Tech companies have teams that vet for acquisitions/collaborations, both technical and business development folks. However, once the process gets to the execs and the board for decision making it is a very closed door process.
1) I was present during one of these vetting processes for the publicly traded company I work for. Once we gave our conclusions to the boss, we never heard a peep until a few months later when that company was acquired. The next day I saw the same guys I met a few months before, only this time they had my company's logo on their polo shirt.
2) Did you see Acacia's stock price spike before Cisco announced their $2.6 billion acquisition? It did not. They were trading 500k shares/day up until the day before the announcement. Then 13 million shares traded the following day with a 35% share price increase.
This simply isn't true Pitcook and I'll share two anecdotes to back up my opposing opinion. Tech companies have teams that vet for acquisitions/collaborations, both technical and business development folks. However, once the process gets to the execs and the board for decision making it is a very closed door process.
1) I was present during one of these vetting processes for the publicly traded company I work for. Once we gave our conclusions to the boss, we never heard a peep until a few months later when that company was acquired. The next day I saw the same guys I met a few months before, only this time they had my company's logo on their polo shirt.
2) Did you see Acacia's stock price spike before Cisco announced their $2.6 billion acquisition? It did not. They were trading 500k shares/day up until the day before the announcement. Then 13 million shares traded the following day with a 35% share price increase.
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