Just checkin in everyone. Well, I am very convinced that we will see a tender offer for CMKX.
Reason#1
MMs will not allow CMKX to rise anywhere near its fair market value, thus forcing a tender offer. A tender offer would be in everyone's best interests! Firstly, It would get rid of the naked shorts, and limit the damage to an x value.
Reason#2
It instantly adds value to the company. Literally over night. Value that may be necessary for financing of projects.
Reason#3
A tender offer would make it very easy to list onto a higher market like Amex.
There are many more reasons that we could all point out as to why going private is the best case scenario for this company. I think its inevitable and sooner than many of us think. The actions that Casavant and Glenn have taken over the past three weeks further confirms my beliefs. Ultimately, the PRs that we are seeing are adding value to this company. Millions upon millions. Obviously we still are waiting on the most relevant news to still come out, but something also tells me that the o/s is under a billion or at the very least under 5 billion. I just hope the eventual offer will be very nice and reflective of this company and the many others that we own. I would love to see a pps in the high pennies (.70-.90) or even over the dollar mark! - Which I think is very realistic!! - Once we know the whole story.
