Im sorry i dont understand why the stock is not up higher
OK so the stock sinks $1.50/share on friday on news that schulze might not seek a 30-day extenstion, but on news that schulze is meeting with Joly and that the BOD would consider a lower bid..the stock is only up 5 cents right now?!?!?! explain?
Maybe because only a idiot would pay over $20 a share on a private equity deal for a biz that is dying? This was a sucker bet from day one, they tried this crap with Circuit City on it's way out. If a deal was truly on the table the share price would be much higher. The insiders and Wall Street would know this before you and I and be piled in already, not give the gold to us( the Wall Street wannabes with Etrade accts) Get a clue dude, sheeesh!
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.