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Tuesday, February 15, 2011 1:32:09 AM
the company got bought for only 3 million dollars...so in all fairness, the market cap (company valuation as according to PPS) should have topped out at 3 million...but no - - it went up to over 20 million with shares topping $5.
look how the shares of BLOAQ have spiked just on the news that it will go up for auction.
in other words, a bid would increase the pps for the same reason it increased the PPS on gway - - people BUY BUY BUY because buyouts = buying frenzies.
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