InvestorsHub Logo
Followers 34
Posts 3333
Boards Moderated 0
Alias Born 01/23/2005

Re: Scott 75 post# 226

Monday, 03/14/2022 12:48:13 PM

Monday, March 14, 2022 12:48:13 PM

Post# of 228
Scott...I bought RESN because I always thought it was a potential buyout candidate. However, I did think it was worth more than $4.50 a share and still do. Trying to read through the mumbo jumbo legal wording in the SEC filings it looks like 4 other companies explored buying RESN, 2 of which it seems do not want to outbid Murata because of their own development products and 2 others don't think they can submit a bid within the timeline that Murata has established to finalize the buyout. So unless those 2 other companies can fast track a competitive bid offer I guess we are stuck with $4.50. I do see there were a number of lawsuits listed in today's (3/14/22) SEC amended filings related to the buyout.

There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true. **Soren kierkegaard