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Tuesday, June 02, 2009 11:49:34 AM
I work in corporate actions and I cannot swallow that this "second offer" does not even have an expiration date. All tenders and mergers have an expiration date! You can alter or extend the date, but there has to be a date.
PGYC was a completely pathetic scam we all saw coming like a freight train and the pps still went up significantly for a couple of days.
Real stupid to try and pull a pinky scam or any other type of blatant corporate fraud in our current economic situation and political climate. I have no idea what that clown at PGYC was thinking. Really really stupid.
This is not going to go well for Jared and co. if I am correct. I sincerely hope that I am wrong because I am in the hole enough that selling is not a good option right now. Unfortunately my gut instinct tells me otherwise. Have a good day guys and gals. Dont let this eat at you it is not healthy.
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