Replies to post #170 on SunLink Health Systems Inc. (SSY)

[KOmani]

Also note:

1,036,239 shares were tendered at $1.50

So, yes, shareholders equity declined $1,554,358.50

But shares outstanding declined 1,036,239

In other words, the adjusted shareholders equity is 24,109,641.50
(estimate)

While number of shares outstanding is now: 8,407,169

This give a book value of about $2.87

Management was greedy with it's $1.50 offer and now I will be even greedier in terms of what I want to tender my shares.

$2.25-$2.50 is more appropriate at this time and that may still leave quite a bit on the table.

I am ok to leave management with something, but offering $1.50 was an insult I couldn't support.