Replies to post #19850 on Value Microcaps Motherboard

[swampboots]

HWEB thanks for the original alert as thought my .76 buy this morning looked too good to be true, then scrammbled to double up on my average down after fast look see.

[MikeDDKing]

HWEB re: RIMS

I'm also disappointed in the deal.

I think the deal is likely to be approved by the shareholders. Per the last 10K, 65% of the stock is owned by executive officers and directors. Three executive officers and directors hold 59% of the shares. These three directors (Irwin Balaban, Herbert Goldman, and Lawrence Klein) are all in their 70s. My guess is that they all would like to retire. Two thirds of the shareholders need to approve the deal to go through. If all of the executive officers and directors approve, they almost have approval by two thirds of the shareholders.

Mike

[cannonball2010]

hweb,CXTI
i think this one will go to .90 to .95 before going up again.
Any opinion Hweb?
Thanks