As for what's ahead... Hard to speculate what the terms will be for any offer on shares to take it private.
The only thing really known, is the CEO hasn't performed well at all, needs to be gone, and hard to have any confidence in his ability to negotiate a good deal. This company is on the brink of bankruptcy, which gives all the power to the buyer in negotiations.
Now look at it.... Is it worth $1.2 billion? Not anymore.. But could in the future, in the right hands.
I can't even guess what the offer will look like..
Hoping for a couple bucks... Maybe I should say praying.. Just have to wait and see.
DISCLAIMER: ALL MY POSTS ARE MY OWN PERSONAL OPINIONS AND NOT RECOMMENDATIONS TO BUY, SELL OR HOLD SECURITIES. DO YOUR OWN RESEARCH/DD AND MAKE YOUR OWN TRADING DECISIONS.
People kill for money. What makes you think they will not lie to you for yours?
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