Tuesday, April 28, 2009 9:56:03 AM
A month from now this company will be sold and no longer publicly traded IMO. Those who remain long will sell their shares for the buyout price. None of us knows what that price will be but based on the first offer, it will be more than 10 cents. We will soon know how much more.
Now, assume the price steadily went up leading into the day of the announcement of sale. That would open the door for all kinds of speculation and accusations of insider trading. When this is done, Jared will either work for whoever buys this out (probably for a set amount of time per contract) or he will walk away with a huge bankroll. The last thing he will want is an issue with the SEC where he needs to defend himself against an insider trading complaint which I assume would be sticky at best. The way this is trading, there cannot possibly be such a problem. It is clear the company is keeping everything under wraps and there are no leaks.
This is no fun but it has to happen this way and those of us that stick with it will be rewarded soon.
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