Im sorry i dont understand why the stock is not up higher
it is always possible that Schultze will meet Joly just to tell him that he supports the current strategy and have decided against the buyout. When in reality he simply did not gather enough funds to make one
That is certainly a possibility, but would contradict the report from Star Tribunce that Schulze has the $$$ ready. I believe Schulze is waiting for the #$%$ 3Q so his offer looks great. If the stock does miss, it could fall even harder. Holding today is a true gamble. I may be wrong, but would rather miss the boat than sink with it.
Well, these are all mere assumptions - both yours and mine. I'm long some March Calls but that's my spec money. Nothing to speak about. I would rather look at price behaviour. A very positive article today implying that buyout is on the table. What do we see? We see heavy selling. And not by retails who believe every positive bit of information but rather institution(s) "smart money". What could it mean?