Exactly. Luken Communications may become the white-knight who will save VLCO from a hostile takeover (If that is what is about to happen.) Manning (now at 43.3%) will need to get his hands on 10 million plus more shares to get control at 50.1%. Those shares are not as easy to come by now as they were 3 months ago. If Manning is forced to buy in the open market our share price will move nicely. If VLCO/Luken make a R/M deal our share price will move nicely also. So I think we gonna be OK in any case. JMO
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.