researcher59 re RSGC.ob
I have NO inside info on this deal. I haven't talked with anyone in mgmt. I know that the acquiring company has no operating history and somehow raised $50million in a private placement. If they truly have the cash, the most they could offer is about .75 cash per share. I doubt they will do that much. It makes no sense to spend all their cash on one acquisition. I think cash will be a small part of the deal.
The reason the share price hasn't approached 1.75 is clear. Neither party to the transaction has credibility. rsgc has one profitable qtr. Strategy has no operating history.
Personally, I would prefer that RSGC.ob had continued on their own. The merger must be about cashing out an early Rsgc investor or maybe there is a combination of mgmt that both sides want.
Will the merger happen?? I don't know. They haven't announced the terms and we won't have any new financials for q4 for quite a while. They would typically release that info sometime in April or May. The merger is supposed to happen in early March.
I think that Rsgc will continue to produce profits. They have announced several niche insurance products that look like they would attract new customers. We don't know the pricing but the size of the Insurance company they partnered with is important and gives them some credibility.
I am holding, at least, until we get more info. Bobwins
News 
Market Data 
Discover 
