any idea on what they are going to use the proceeds of the 3 million shares,
cant seem to find out anything about it on the Cyno IR web page
E.eln will covert their 3million class b to class a shares for 100 million s ...that's mean shares price at least 33.3 dollars...pls ck their sec filing.
Sentiment: Strong Buy
you guys didn't notice tha the conversion from B to A will make Cynosure available for a takeover bid? as of today, class B shares give the control of Cynosure to the italian EL.EN .
if they convert, CYNO can go to 40 or 50$ on takeover imho