The exciting news that I wrote about earlier in the winter was a proposed buy-out from a very large and prominent company which I cannot say here. Very recently the shareholders had voted against the buyout in order to develop the company's revenues in the new direction it is taking by switching from DVD to Broadband, and thus get a BETTER offer. This is both bad news and good news IMHO. The bad news is that the anticipated "good news" will not happen in the short term and thus the PPS will not skyrocket just yet. The good news is that the buy out offer that was refused was for a pretty generous amount (over a buck), which tells me the company believes it will be worth more in the long run (year's time is my guess). Its the old sacrificing of the short term profit, for long term gain thing going on...What happens between now and then, I don't know.....but I've been told to HOLD my shares if anything....it just may take some time.....
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