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Replies to #300 on Inuvo Inc (INUV)
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wadirum1

11/05/18 10:40 AM

#301 RE: wadirum1 #300

And now the price is heading back up after the 10:30AM panic sells are drying up.

This is FUN!
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crudeoil24

11/05/18 10:47 AM

#302 RE: wadirum1 #300

The share price should be @ 1.77 > "he acquisition will be a cash-and-stock transaction valued at approximately $2.22 per share of Inuvo common stock based on 34,077,624 common shares outstanding and restricted stock units that will immediately vest upon closing. Inuvo shareholders will receive $0.45 per share in cash and stock valued at an estimated $1.77 per share, or approximately$75.5 million in total consideration. ConversionPoint plans to file a Form S-4 with the Securities and Exchange Commission to register the shares of common stock to be issued in the acquisition and intends to file listing applications for the stock with the NASDAQ Capital Market and the Toronto Stock Exchange.

Strategic Rationale for the Acquisition