Monday, March 28, 2011 11:06:44 PM
If the gentleman said the merger is delayed, what seems to be illegal about that? If he had said everything is on track for the 31st i suppose that would be illegal too? Also if he said they had some contract sealed and ready and they were just waiting on the merger to be completed I dont see whats illegal with that either. Sounds like just status updates to me. If he had given hard figures involving a share price raise to the book value, that would be another story but that was not the case.
I highly doubt they are going to PR anything if the merger is delayed. CEOs are not interested in daytraders or even week- or month-traders who are going to sell into the news. If your long then it shouldnt matter if it is delayed for 2 days, 2 weeks, or 2 months especially a giant merger like this one. Yes if the merger is cancelled somehow then there would be an obligation to PR it to the public. NO I AM NOT SAYING IT IS CANCELLED JUST SPEAKING HYPOTHETICALLY SINCE I KNOW ALOT OF PEOPLE ON HERE LIKE TO TWIST WORDS AND MAKE OTHER POSTERS SEEM LIKE THE BAD GUYS.
Too add to that, obviously a lot of folks who dont post took the time to call on friday and today and exited their positions when they heard about a delay. I'm glad I used my common sense and got out at .013.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61426963
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61427597
If you want to believe manipulation and shorting theories then go ahead, but no way a MM is going to manipulate or short a stock this much. Looking to buy back in @ subpennies tomorrow, wouldnt mind holding for a few weeks, lots of upside when the merger is officially PR'ed.
cheers,
moe.
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