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Focus Media Holding Ltd. Message Board

  • strecke88 strecke88 Dec 19, 2012 5:43 PM Flag

    Is this a done deal?

    With this definitive acquisition, still have to get the majority of shareholders approval.. which you can assume yes. But can any of the partners pull out still? Is this pretty much done deal?

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yes, 80% done deal. Just wait for approval by SEC. However, the Muddy Water may make some stories and causing the stock shaking. But eventually, it should be alright since company has its choice for its future. so 10% , waiting for no more than 6 month, it is not bad.

      Sentiment: Strong Buy

    • Who knows? We all DO know that the accounting is a fraud. That is a fact. But there may be extreme value in the land holdings, hence the valuation and the take-out price. That is what makes this as interesting as HRBN. The shorts were 100% correct with their analysis except they forgot about what the real estate was worth. The company keeps saying the deal is done and it should have closed by now, so buying the out-of-the-money puts is a cheap way to play the potential downside, because if the deal doesn't get done this goes below $10 per share in a heartbeat. Then again, this could be another HRBN and actually close.

 

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