"This shell has been cleaned for someone to move in. Tad has already stated that someone will come in and take over. At this price, the shell is properly valued. That will change when someone moves in."
I never looked at it this way and your 10000% right!!! Hypothetically speaking....lets say the deal fell through (which I doubt but you never know)....We should be focusing on the fact this shell is now going to have a clean start status that some company is going to want to move in on. We are at a bottom with the PPS, so we should look at this as buying from a view point that we know something is going to happen whether its Puriblood or not........im going to grab a few shares due to the fact this is now a clean financially sound shell so whoever comes in the hard part will be over...
You were right with your assessment that we should not focus on the PLPL / Puriblood Deal any more and shift our focus to the fact the company is cleaning up the shell for "whomever" to come in. I also noticed Insiderfinanical last cover article on PLPL, their tone was shifting away from the PLPL/Puriblood Deal.
I had a feeling that this deal was in Jeopardy when some started contacting the company with a threatening tone demanding answers sounding violent in emails. I knew right there this deal was going to be hindered. This happened with another merger play I was in. Traders were impatient contacting the company and even yelling Scam, Scam, Scam and the potential merger candidate bailed out the deal. This is why these companies need to stop announcing these potential LOI's. They just need to announce when it is done. I just hope going forward, if when the company land a deal they dont announce until its done. No more LOI's and agreements.
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