Revance Therapeutics Inc (RVNC)

[Dennboy66]

These analysts however are reiterating relative to the buyout price. They are not looking at earnings and modeling. They are putting out those targets relative to their thoughts on the buyout occuring.
My belief is that this "going concern' served 2 purposes.
1. It makes shareholders accept a lower offer or move forward with the "going concern" overhang.
2. It allowed the HF who got caught in the overnight upswing with the Teoxane agreement - an opportunity to get out. (The bump at end of day was more than likely covering).

I have a feeling that we see the tender offer on Monday at a price between 6.20 and 6.55. (just a guess).

Of course, just my opinion. Crown does not want to walk away. They just want a better price.