cdn anyone who makes an offer will offer more than the current share price. When I say let the stock breathe, I mean let the price approach fair value so that the penny stock hounds will get out. At $.75, as an example, a stock hound has to risk $.75 to make his next $0.075 (10%). A lot of the stock hounds will be gone like a cool breeze in July. Pounding this acquisition and starting a free for all betting campaign as to the eventual price might keep a few of these worms around. Do you really want to keep stomping on worms?
J&J corporate response is a deer frozen in the headlight as they almost never find themselves in a l;osing situation. The amount of the bond is peanuts to these executives that make that much for salary in a year or two.
By the time they wake up they will have to pay up. They are in no hurry to take credit for this screw up. J&J will Not have an entrepreneurial response but an old creaky kick it up the ladder time consuming collective decision.
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