I will quote someone else on the board. "ZIPPO" This is ridiculous. Great job Evercore, Barclays, and BOD. Either sell or don't sell and end this process. Stop waiting around you idiots. Put all the pumpers and bashers to rest with some reality.
8-k filing today is interesting...only cash bonuses awarded...no new shares to increase the share count...probably because they already know that any shares or option given now would be worth a ton in a month or 2...I think this points to some type of deal being completed. As much as the executives would have like shares...the board did the right thing for shareholders and did not give them shares, which will be worth twice the current price soon
True, the company has a stock incentive plan originating in 2009. Not sure about the specifics including duration of this plan. Restricted stock was awarded last year and the year prior on an annual basis. It appears that this wasn't done for the past year according to the recently released 8k.
Like I posted a minute ago on different thread. Read between the lines on those press releases and it seems positive to me. (positive does not imply an astronomical price but counters some of the bashing I've read on here like the company is sorry and not worth a dime)
The length of time is your best friend. It doesn't make it any easier on days like today, but a deal being made is practically a certainty with the length of time this has dragged on. And there are most likely several interested parties. In fact enough news has leaked to almost confirm this. How else would we have learned a new word like multiple consortia?
The only question becomes what price will we get. Hang in there. I have a really good feeling about this.