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Re: enemem post# 22869

Sunday, 01/25/2009 2:40:24 PM

Sunday, January 25, 2009 2:40:24 PM

Post# of 52299
enemem.. sad to say, I agree with your scenario.. Selling the company (which I begged for several months ago) seems like fading dream..

Let me ask you this (or anyone else on the board)..

I know the general consesus is that management will never sell the company for a price that makes most of their options worthless .. this makes complete sense..
However, when does it come to a point where they realize that they may never see their options above water again, and sell the company so at least they can salvage something?? Hell, a $1.5 sale is better than .20? right?? That's hundreds of thousands of dollars from my perspective...


**Horrible analogy warning .. ***
Kind of the "Deal or No Deal" game show scenario.. Guy opens the right cases and is up to $200K.. He has his mind fixated on the Million and keeps going.... then struggles a bit and is down to $80K, and is too stubborn to see that $80K ain't bad, especially considering the current condition of the game.. He knows there is a case left out there for $500K, so he keep plugging along.. The $500K case gets taken out and he's down to an offer of $25K.. There's nothing left on the board and he just takes the $25K, goes home and is like.. holy cow, at least I made $25K.. of course the $200K haunts him ;) But, he is richer than before..

Why do I think COR is going to be the guy that stays in the game until he is left with a case worth a penny??

Cheers!
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