Wasting your breath and time and sounding like someone who didn't read the filings which showed that no one wanted to pay near this price after it was shopped all over the place. In fact, after reading that, one should be thrilled to take the $12.61 and run fast since several people walked because of their feeling that the Telular division had real vulnerability given its heavy dependence on one customer and others felt the SkyBitz biz had been bought at too high a price.
The question is not just the price at which I bought the stock, but also what the potential of the stock is today.
I would agree with around $15.00 because I think that that $18.00 is not a realistic evaluation.
So, I am hanging on to see what happens.
It looks like someone is buying up the stock. It could well be the company who made the offer. This way, they will control a large number of votes, if it comes to that.
The way I see it the $12.61 price offered is a price that this stock has not seen since September of 2000.
It is unlikely that there are many stakeholders whose basis in this stock is greater than $12.61 per share.
Seems to me that all who sell at Avistar's offer price, will make money.
Who has retained all this legal council challenging this offer and why? I think at this time as Pogo once remarked, we have met the enemy and it is us.
And no, I am not an employee or officer past or present of Telular or any of its subsidiaries, or customers or vendors. I'm just a ham and egger investor who sold his entire position yesterday, and was quite pleased to do so.
Decided to take the current market premium being offered over the tender offer price on 87.5% of my holdings at a sweet, no make that, a very sweet profit. Will let the balance ride and hope that the ambulance chasers don't screw it up for the other stakeholders. No matter how it all shakes out in the next few weeks, it was a great ride. GLTA