junezb, I don't know ...
... but at least they didn't do what the morons running another company I'm in did ... they bought 4 companies last year, for cash and shares, lots of shares ... and at last year's PEAK PPS, they guaranteed these purchase prices by guaranteeing the share prices!
So, as the PPS was decimated in the ensuing months and the acquirees shares were coming up for registration ... the company had to renegotiate the deals one by one, end result being MORE cash for each company and gazillions more shares for each company, and in the case of 3 out of the 4, basically sold them back to themselves with huge parting gifts!l
Guaranteed share prices! Amazing!
Diluted us shareholders to the max! and nearly broke the bank.
Wait, we shareholders are the 'bank' lol, yeah, they nearly broke us.
None of these companies contributed much revenues, they did contribute costs, and now THEY are all fat and happy with more cash than before they met us.
Trying to figure out if management at the acquiring company are MORONS, or are really very smart cookies running an otcbb-listed company where they will milk/bilk shareholders as long as they possibly can.
FWIW-IMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
