Cents or dollars.... seems pretty clear in the PR. Did I miss a correction or something....?
"...between .19 and .23 cents" is equivalent to "between .0019 dollars and .0023 dollars", which is about the average of the trading range over the last two months, prior to the big rally...
Be funny if this huge rally was because people misunderstood the acquisition agreement prior to it being released.....
No bashing or flaming please... just some intelligent comments on what I've said... If I'm wrong, show me where.
Doug T
P.S. I bought EOD, hoping for more rally tomorrow. The intraday charts looks good for it...
2008-06-26 09:58 AT - News Release
WEST ORANGE, NJ -- (MARKET WIRE) -- 06/26/08
BIH Corporation (PINKSHEETS: BIHC) announced today that its Board of Directors as previously announced has agreed to a buyout of its subsidiary Baron International, Inc.
The Company believes that its shareholders are entitled to an estimate of the pending agreement. The pending agreement is subject to a contractual due diligence period with a sales price already negotiated; the sales price is between 0.19 and 0.23 cents per share. The acquiring party has a 5 day due diligence period of which to accept or to decline the agreed upon acquisition price contractually.
The Company has already determined that if the above-mentioned occurs, it will pay a one time cash dividend of between 0.07 and 0.09 cents per share as recommended by its attorneys and accountants (for tax purposes) to each and every shareholder on the record date, to be determined upon the acceptance and executed acquisition agreement.
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