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Friday, March 19, 2010 1:43:15 PM
The company has great technology and enormous know-how.
Why would a CEO sell his company without being absolutely 100% sure that he/she doesn't have to work anymore for the rest of his/her life? 0.01 dollar/share is more than reasonable.
Don't forget pps used to be + 0.03dollar/share. Even if the O/S would have been diluted x10, 0.01dollar/share is a normal price.
We're talking about a BUYOUT not institutional investors buying a big number of shares!!!
Let's talk about the bashers: they have three options:
1) saying this company isn't real: these are the amateur bashers
2) saying that the number of outstanding shares is too big
3) that there will be a reverse split first
You could believe them. But ask yourself this: why didn't they talk about option 2) and 3) before the more detailed news from Wednesday was released? On Tuesday they said the buyout price would be lower than 0.01dollar/share because some outstanding shares should already have been bought by the buyout company. Popular stocks have bashers and they have to find something to make you doubt and sell.
I have 2M shares and will hold till 0.01dollar/share. That means 20.000 dollar.
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