would you sell this company at $3.5 when it was $10 in july. If the deal is done, it would be announce and be over. but board think this $3.5 is dirt cheap and holding the card longer for the bidding to increase. i think $7.5 is more reasonable. $3.5 is giving the company for free.
you don't know me, but i/we bought just a little bit more than that, from $2.42-$2.25 and up to $2.52 but sold almost all $2.99 x 500k & $3.33-$3.70 the rest, but lot's in pre-mkts on the 28th. but still have 200k left. but tell your friend i wish him the best of luck with those 8m shares @ $3.45 he is going to need a 20-40m+ volume day to sell them. like i did on nov. 26th. & the 28th.
I don't know about that, I was in at 2.74 (started accumulating at 3.50), sold yesterday at 3.30 and moved back in this morning at 2.23. There's good reason to be buying and selling. This deal is not done and there will be ups and downs to capture.