My thoughts are that the SEC has put the court date out there to instill some fear in shareholders to get the weak and fearful to sell their holdings, enabling the market makers to cover. I don't think it was ever the intention of the SEC to open thisPandora's box to far. I mean thats what it is after all- the dividends and the naked shorts add up to a mega C.F. and their is no correcting it in my opinion unless they 1)Open the floodgates of heaven so to speak on the PPS and get most of us to sell our shares (at a very high cost to the market makers). 2)Work something out with the management so that cmkx rolls into some other entity or IPO. 3)Diligently try to destroy CMKX and sweep us under the rug (very hard to do considering the 40 - 70 thousand shareholders, the nationally televised cmkx racing publicity and the connections of Bob Mahue (did some one say 60 minutes)? Very very messy and they would risk a great chance of failing at that attempt(and show their true hand and criminal intent). I don't personally think we will see a tender offer unless UC, Mahue or some other big guns come together to buy us out with some major backing. If they do buy us out I'm sure it will be at a bargain price for them, but I think it would make many of us very happy.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.