Tue, Sep 16, 2014, 12:43 AM EDT - U.S. Markets open in 8 hrs 47 mins

Recent

% | $
Quotes you view appear here for quick access.

Multiband Corporation Message Board

  • realshazard realshazard Feb 22, 2013 9:03 AM Flag

    just a matter of days

    before the MDTV/MBND deal is called off, I think. I mean MDTV doesn't have any money - the latest report listed $600000 of borrowing capacity, which must be depleted by now. So when that announcement is made, I see a $2.50 stock.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If the deal doesn't go through...what about the law suits against both MDTV and MBND that will follow...for merging operations and then not following through with the buyout? It's going to be real ugly at this point for both companies if Multiband backs out now.

      • 2 Replies to chart_watcher99
      • The merger agreement was written with all the leverage to MBND. Basically, MBND can walk away at any time without having to pay a material business interruption fee. It also says MDTV is not allowed to shop the company to anyone else while the agreement is in effect.

        The only operations that were "merged" were probably done through an ordinary contract which companies enter into on a daily basis.

        The deadline is Feb 28th and MDTV hasn't even filed the SEC paperwork for shareholder approval. That pretty much tells you they are either not going through with the acquisition or the terms of the agreement will be amended again.

        Sentiment: Strong Buy

      • Bugs get squashed. Promises are worthless. Investors knew that going in.

    • I can't resist buying more . . . it's like cashews. Addition by subtraction, anything that removes Mandel from the picture is worth $1 - $2.

    • I think this will go the way of the WPCS transaction where they acquire a part of the business, but not all.

      The only reason I see Cannell continuing to buy is either 1) He thinks the deal won't go through which will lead to a higher MBND stock price or 2) He thinks the deal does go through and wants enough voting power to get control of the Board and force Mandel out.

      Sentiment: Strong Buy

      • 1 Reply to buckeye8810
      • The loans are held by Full Circle capital, which is publicly traded. Interesting, Full lists the loans at a haircut in latest report. So they don't seem too confident of full payment. I could see MDU getting split up, with some percentage going to AM3 or FCC's own media division (New Media West, I think) and then MBND buying the geographic fits for its business with cash or loans. I don't think shareholders will get anything.

 
MBND
3.250.00(0.00%)Aug 30 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Avanir Pharmaceuticals, Inc.
NasdaqGSMon, Sep 15, 2014 4:00 PM EDT
JDS Uniphase Corporation
NasdaqGSMon, Sep 15, 2014 4:15 PM EDT
21Vianet Group, Inc.
NasdaqGSMon, Sep 15, 2014 4:00 PM EDT