InvestorsHub Logo
Followers 3
Posts 309
Boards Moderated 0
Alias Born 07/18/2012

Re: Wwilliams1 post# 14817

Monday, 12/03/2012 3:25:51 PM

Monday, December 03, 2012 3:25:51 PM

Post# of 22017
Okay, I’m only going to go through this one more time, and if you don’t see the problem with this, you probably should not be allowed to own a computer, let alone a stock. If the Chinese company runs up the bid, say 1 billion, just for an example, and company xyz follows them up the bid trail, bidding back and forth, but is overall outbid by the Chinese company, which in 30 days the Chinese company is forbidden by the board to acquire such property, wouldn’t you as the CEO of xyz company be a little pissed off that they got the company, but only at a premium cost because a Chinese company was not allowed to acquire it because of the U.S. Government saying no. When, if the Chinese company was not allowed to bid in the first place company xyz would have gotten it for maybe half the price. You don’t see the possible ongoing lawsuits, the requirement to have another auction a couple months from now, for just qualified companies to participate in. It would be like me going to a public auction and outbidding everyone, but not having the money to pay for my bid. They would have to start the bidding all over again because my bids impacted the overall auction, it would not go to the next higher bidder, that would be unfair, and I’ve been to auctions where this has occurred. Only my money is the board, and the public auction is for the A123 Company. I hope this helps explain my common sense approach to what you see as not a problem.

P.S. There is not 20 or 25 bidders, in nothing I have read, and I think I’ve read all of it carefully, the original quote was ”There are 25 companies that are interested in parts of the company”, later on the story was that there were many less than that, that were going to actually bid. Read everything carefully, but that was my take on their releases.
Join InvestorsHub

Join the InvestorsHub Community

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.