Look for continued heavy buying of CNTF Monday. Talks for CATV buyout are still ongoing !!
Look for more heavy buying of CNTF on Monday. Buyout talks are still ongoing and the Company that very badly wants CNTFs gaming subsidiary, is not giving up and is still in talks with CNTF even though the Cntf CEO has put a huge pricetag on the gaming business. That didnt scare away the suitor and he still wants to buy the business from CNTF, even with the huge pricetag !! I think the ongoing talks will fuel the fire of a stick buying frenzy of CNTF because the value of CNTF stock is now obviously undervalued and investors will now realize that clearly, with this HUGE offer on the table to buy CNTFs gaming business. Look for more excitement on Monday !!
Are we talking about $200M or $3.2 USD per shares just for the gaming business and PLUS the company's retained cash position of around $4 USD per share? I think as long as the U.S. investors are showing little confidence this is not a fraud stock, it will be at least trading at cash value...anything else is a bonus!