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AdCare Health Systems, Inc. Message Board

  • ybpoor May 19, 2013 10:41 PM Flag

    tender Offer

    I have read the article "Tender Offer Looks Improbable" and some of the comments about Brogdon never intending to purchase are folks just looking to push the stock down. It is absolutely unreasonable to believe that he would put his significantly large stock position at risk by initiating a false rumor. I think that when the new CFO gets his bearings and fully communicates with the new accounting firm and management then the tender offer will get back on track. This is an opportunity to get more stock before it goes back up. What people need to be looking for is other providers coming out to make bids for all the stock. Remember Sun Healthcare after its stock crashed a few years ago!

    Sentiment: Buy

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    • ybp - how would you value the company in order to make a bid?

    • It's not only unreasonable to assume, it's ridiculous. Keep in mind the first guy that wrote the article noted that he is short. Short the stock, then write a negative article. Nice. The second article is likely, in my opinion, a mouthpiece for the short. Claims to be an investor relations firm. Have you ever seen an IR firm write an article bashing a stock? Since when do IR firms do that? I thought IR firms businesses were finding clients to hire them to help promote their company? So, why in God's name would they pen an article like this on ADK? I mean, that is NOT what IR firms do right? How much did Benny pay them to write that piece? Do tell! I smell a rat.

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