I don’t like the FUBAR thing. What will happen to us?
Could be one of many things. They could do a couple things. They could allow the company to keep bleeding cash, let the stock price drift lower, and hope for total capitulation. They take the company private at a cheap-ass price (offer it to shareholders as 4 or 5 bucks). Then they flip it to a BP for a huge gain.
They could let it bleed, and then do a private capital raise (wink-wink).
Or, we could get lucky and they actually work on improving the operation, work their contacts in the industry, and coordinate a public buyout at a good price (for all shareholders). But I am starting to think this option is the least likely.
I suspect that Denner has his doubts about how they can get the stock price up enough through operational improvement and "wooing" Wall Street. At one time I thought this was the plan, but as soon as I saw Prettybrook step in, and Erin on the board, I knew it was over.
Prettybrook are masters of financial engineering. Denner didn't need them if he was just going to drive the price up and sell to a public BP. Prettybrook on the board, and their investment, is the tell.
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