Looking at the timeframe, and the upcoming Vote for allowing the theft of 87% of Bell Industries by insider and outsider influence, we will have a positive earnings report and a positive future report.
But...Newcastle will attempt to convert at a price of .20 cents U.S. by all means. First they seek shareholder approval and than they strike, take Bell private, and then come back into the market with a profitable company offering to the market worth a few billion with a cost of less than 20,000,000 bucks. Not bad. They will offer large institutions and funds, a much higher cash pay-out to gain controll of the company and then press their .20 cents offer to take over.
What to do? Also, Bell can payoff the option covered loan and your shares will become a 10 to 20 bagger. Or Newcastle will not allow a payoff, and they will capture for 11,000,000 bucks a company of 12,000,000 in cash. In effect getting the company for nothing. But there are other forces here trying to take over. Taking away newcastle's holdings at present, .06%, others hold ovr 50% of shares outstanding at last count. I will surely vote no with my little 2% holdings and hopefully others also.
Buying at under .20 cents U.S. is a no-brainer. You cannot lose at this price. Much better was the .06 to .15 cents U.S. price range but no one wanted to take a chance. Loeb bought 800,000 at about .10 cents a share. Even at .18 cents a share, you will reap a 10%+ gain for the worst case, and open your chances for even more gain with a fight against the option give-away to Newcastle.
But having said that, The SP will no doubt start climbing towards a more reasonable number of between .25 to .35+ or even more, with friends and family already looking at better quarter numbers. That's life, the little people get the news weeks after it is already out to the insiders.
When you look at the largest investors, they are holding and even adding shares. They know the .20 cents offer cannot hold water. If the takeover gets voted out, I will hold, if the takeover goes through, I will sell. Any one else care to offer a little thought here? It is only your money! :) :) :)
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