Thursday, June 03, 2010 6:38:02 PM
10:00 am, Wed, May 26; SNRS PR's it received an unsolicited offer to buy 100% of the OS. No buyer name given nor offer price. Company advises it will get back with shareholders by June 1 as to its position.
Reaction? Price pps tanks unlike SNRS was probably hoping.
1:00 pm, Wed, May 26, SNRS changes its plans and immediately PR's that the offer was .0003, will get back with us June 1 even though they think that is low.
Reaction? PPS doesn't move beyond .0001 and .0002, SNRS struck out again.
8:00 am, Thurs, May 27; SNRS PR's it will recommend a counteroffer of .0005, get back with us June 1.
Reaction? PPS still tanking.
3:00 pm, Thurs, May 27; SNRS PR's that buyer has got a counter to their counter that offer is .0004. The board (all of Rothman's personalities) will meet May 28 to discuss this new counter offer and get back with us June 1.
Reaction? Market laughs, price continues to linger.
4:00 pm, May 27, SNRS/ROthman go into hiding. Thereafter several days followed by emails purportedly, but never proven, to be from Xplostivestocks.com making outlandish and unbelievable claims about the details of the "Nourtech - SNRS deal".
Reaction? Market not impressed, pps lingers.
June 1: Still no word from SNRS/Rothman. XS is apparently still making wild announcements on SNRS's behalf.
Reaction? PPS dead.
June 2: The XS crap stops. But low and behold Rothman shows up with a vague PR about a recommendation of considering the offer, but only after this unexplained 10% down payment which is not clear how will work, or if shareholder need to ratify, or can ratify the "recommendation" by the deadline of June 15, which might not start ticking for another at least 5 days after the quote recommendation to shareholder. Wouldn't of letter of available funds be much more simpler and convenient?
Reaction? pps is still dead but a lot of fools pumped up the volume.
Later on June 2: Paid stock promoter PSC is engaged to pump the SNRS buyout deal.
Reaction? Market laughs and obviously questions why in the hell a buyout deal of such a great profit needs to have money spent to promote it. It should speak for itself. Obviously a stupid move by Rothman and a very clear tell of the hand he is holding.
Does that clear up the timeline?
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