Friday, January 12, 2007 11:43:58 AM
1. As Zantos posted, could be a planned management buyout to go private. The R/S dramatically lowered market cap, and they end up with company anyway. This would also explain their concern for shareholders owning prior to R/S, who would be screwed by this.
2. Something big is already in the works, which will cause market to properly evaluate pricing. Maybe including moving to a different exchange, and no dilution is needed prior to an announcement. Therefore, price is irrelevant to them, it will properly reset on news, and they wanted a low share structure prior. Perhaps involving a merger.
Thoughts anyone ?
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