Wed, Oct 1, 2014, 7:05 AM EDT - U.S. Markets open in 2 hrs 25 mins

Recent

% | $
Quotes you view appear here for quick access.

SIGNPATH PHARMA INC Message Board

  • grey3840 grey3840 May 31, 2013 10:00 AM Flag

    Did any vote

    For or against?

    Sentiment: Hold

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Voted For... A good number of shares are in the hands of the arbs at this point. I'm in this as an arb play.

      Sentiment: Hold

    • Against.

      Given the promise the company has been showing, I wouldn't be surprised if Shuanghui (who just bought out Smithfield) comes sniffing around to dig out this prize truffle pretty soon, offering a better price than this. If that doesn't happen, I am willing to take my chances with Mr. Market. If a large shareholder would get on board with exercising appraisal rights (in a DE chancery court), I would even consider joining in.

      I think the company is worth more than $13.50 as a going concern. The company was trading more than that a couple of years ago. Also, when the company shopped around for a buyout they had a superior offer of $15 a share in their hand ( 10% higher than the current offer) and they turned it down. They said the company turned down the superior offer because it was contingent on the chairman staying and he wouldn't stay if he wasn't buying the company. Given the conflict of interest, the board should have demanded he at least match the $15 offer they received from the outside investors before entering the merger agreement. IMHO, to do otherwise risks the appearance that the committee has breached their fiduciary duty to the shareholders or that they have valued the chairman's interests over ours. (Of course the company says they will indemnify the committee if they are sued for breach of their duty - that's makes it sound like us shareholders would be suing ourselves if we were to take legal action on this).

      Sentiment: Buy

    • I've just voted "FOR" on all of the 3 question.

 
SGTH
0.00(0.00%)

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Move, Inc.
NasdaqGSTue, Sep 30, 2014 4:00 PM EDT
eBay Inc.
NasdaqGSTue, Sep 30, 2014 4:15 PM EDT