InvestorsHub Logo
icon url

frankj

06/25/12 8:56 AM

#1264 RE: mwilmington #1263

Yeah, I noticed this on Friday as well. We closed at 1.26 Friday and I saw it trade as high as 1.29 in after hours. I didn't to see anymore though.

And looking this morning, it looks like its all over the place, so I'm completely baffled as to what that was all about. I figured this was going to be back to the 1.50s again.

I'm surprised we haven't gotten more news since the form filed that was out on Friday. I was hoping to get some more news on this this morning, or later today. This should be shooting up.

I also agree that we are also a possible buy from China or India. My guess is they may HAVE to offer almost $5 billion, or $10 a share for them to actually sell. The question is, are they willing to spend that. They may have already made offers, but at a lower price. With PPS this low, management will be afraid they will leave the tables, or lower their offer way more, such as cutting it in half to $5 a share or 2.5 billion.

Management's plan is to get better people in there, get the price way back up, and then try to sell at $10 a share or 5 billion.

May be going all over right now, but it will be back up there before we know it. It's been very hot where I live and other places, so I know they have to be selling like crazy.