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Food Technology Service, Inc. Message Board

  • roboklerk roboklerk Mar 14, 2013 6:04 PM Flag

    Think FA Could Wage A Successful Proxy Fight

    at just about any time. Between the near 30% of outstanding shares they already own, the relative lack of any blocking ownership by management or directors, and the near certain widespread discontent of current shareholders---they could win board seats or oust current management w/o a lot of difficulty. Perhaps after the year-end earnings release we could see them back in the market increasing their stake to solidify such a strategy. Just my personal take. It is what I would do in their position. The company is at a standstill and so is the share price for the last 2 years. I expect them to protect their investment.

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    • I'm waiting on the earnings report to be released before speculation on what FA may do (or be doing) in accordance to their ownership. I can tell you the way my order was filled it seemed like I got caught up in someone elses "drop and catch". They have a ways to go to get to my big basket, today's buy only raised my cost basis less than 2 cents. As long as it dips below 5, I'll be a buyer. There is no reason or debt to take this company under, so it boils down to a matter of when FA gets the wheels turning. I do think that process is already well under way.

      Sentiment: Strong Buy

      • 1 Reply to eagledragon1
      • Well, once again yesterday someone baited the market w/a "headfake" sale of a measly 100 shares at the open to knock the stock down again from the previous day's close by a pretty good chunk. It was finally enough to hook a seller of size on a 6,000 share block at $4.80 by all appearances. I suppose you got 1,000 shares of that, and it I would not be surprised if the opening seller of 100 shares picked up the rest of it.

 
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