Interesting move today IMHO... http://en.wikipedia.org/wiki/Stalking_horse
Stalking horse could be Ferrari, Meeker, both together, some partner company or even someone like me...If you think Blackrock or Palo Alto will not step in here with a bid over $50mm then you are hiding under a rock and in denial. The fun starts in 8 hours and oh...BTW - large short position remains... Good luck short stuff..
Thanks for the link....Kodak, Hostess Brands etc. You actually provided some hope, at least for me ... and I hope you're right.....maybe the gap Up in the stock at the end of day was because the market knew this could be $$$.... Later Today we shall see... Thanks again.
I think you folks are in denial right now.. I am not pumping this thing or advising you in any way. I am simply expressing my opinion and saying that the invocation of a "stalking horse" situation warrants some thinking, respect and research... Personally... I expect a gap up over $1.00 and possibly higher given the short position... . Lets see.. OK?
with about 5hours left there is a very good chance that your scenario will play out, there is an end to SVNT now...the only unknown is the biding, which can not go below 55mil and it just does not make sense for "smart" shorts to stick around being caught with their pants down when an higher unexpected offer comes in... right now they are in the money... So they'll most likely cover and move on.... Personally I believe today SVNT will be trading easily over 30mil shares... and almost all longs for the past 6months could still be OK.... premarket could provide a clue
anything over ¢60 I'll consider it a gift...if there is such a #$%$ thing... #$%$ ... I hope the Management eats/breeds in or contacts some of that #$%$ eating flesh bacteria while still have over a year cash to provide for the company daily operational expenses.