takeover advocates: explain this.
I see 500,000 shares on the Ask for .0001. I could buy 500,000 shares right now for $50.
Then after the takeover, the PPS is going how high? a dime?
So my 500,000 shares would then be worth $50,000?
If that is true, why isn't the takeover group buying every available share? Money is money. That is an insane profit -- a once-in-a-lifetime profit -- and the insiders of the takeover group know it's coming.
But nobody is buying.
Makes no sense. Even if the PPS goes to a penny... If someone knew for sure that a takeover was happening, and they thought the PPS was going to even .001, they would buy every available share at anything under .0005. Everyone is greedy when a sure thing stares them in the face.
So why is this buying not happening? Thanks for explaining.
