Thinking outloud here. We are all wondering why we have a gagged T/A, why more specifics are not released about aquisitions all coupled with an anounced buyback.
We have been told that Progas wanted to buy Phoenix and it worked out the other way around. So, they have been approached at least once.
Does this all seem like possible defense measures to prevent a hostile takeover?
Again, just thinking outloud. The gagged T/A is about the only thing about this company that continues to bother me. The answers about possibly losing the T/A over phone call volume is not even close to a legitimate answer IMHO adn that amplifies the problem I have with the gagged T/A. If it was public, there would be no calls or much less. Seems like gagging it would increase the call volume.
We know they exist. We know they are generating revenues. I can live with not knowing how much right now, but what I can not do is estimate myself how much revenues and profits based on average industry data and evaluate how much I think the stock is worth.
Does anyone know who retains the voting power for stocks tied up as restricted in aquisitions?
I think honestly we may have seen some dilution, thats reasonable to assume. We have also seen the documents where they tried to raise the A/S to 2 billion. Could the aquisitions and possibly an increase in float left management with potentially not enough voting power if a takeover was proposed?
Well, time to endure my ride home with a bunch of people that drive like my wife!!! .....and I will deny having ever said that. Well, unless Reese Witherspoon ever is unhappy and looks me up, then I will tell her to her face.....until then, I will deny that too!
Regards,
Fizzlegig
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