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Re: pitcook post# 57442

Friday, 08/07/2020 3:38:15 AM

Friday, August 07, 2020 3:38:15 AM

Post# of 236256
"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.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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