Friday, January 05, 2007 3:58:45 PM
Copleybmt, I don't know enough about USSE to have a good opinion. What the PR is saying is that they are thinking about merging the two companies and current shareholders of USSE will essentially get 1.3 shares of the merged company for each 1 share of USSE they now own. USSE shares will go away. If that does happen, obviously the ONYI shares will be only worth about 1/1.3 of the merged company--which should be around $0.30.
Right now the ONYI stock is trading at $0.63 which means those people don't believe it's going to go through or they don't understand or care. If it does go through, ONYI shares will drop significantly.
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM