I agree that 22 million shares is peanuts..
Strange..with all the doom and gloom that more aren't being traded daily..One would think that with all the talk of the company going under and how bad everything is..that all insiders and private investors would be selling shares as fast as they can..volume traded however shows that is not happening..Anyone believing that the vast majority of those shares are in the hands of retail investors or traders are off the mark as well..
With that said and with management not selling their shares..what is not peanuts is 3 billion shares with the vast majority of them in the hands of insiders and private investors..all being held tight..I like that very much..If they are willing to hold on to their shares so am I..
Should be interesting to see how this turned out as well when full transparency happens..
3/23/2010 2:03:27 PM
"A shareholder representing over 50,000,000 common shares of the company has tendered an offer for the controlling interest in the company at a 25% premium to market valuation on a specific future date. Accordingly, a maximum cap to the offer has been also placed by the shareholder. This statement is intended to inform shareholders of the offer."
I am looking forward to the upcoming announcement of the new CEO and board members as well as direction given for the rest of the year...veno
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