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Dynamic Materials Corp. Message Board

  • TheIntuitiveInvestor TheIntuitiveInvestor May 16, 1999 8:51 PM Flag

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    • After commercial businesses execute a contract,
      it then becomes to late to decide it is a bad deal.
      One has to suck it up and close on the deal. That is
      the purpose of the contract. Even if the company sold
      this division for ten million to another, it would
      work. Use the money to take care of debt, then sue
      Ametek for the difference for breaching the contract.
      Unfortunately the stock price is going to continue to go down
      until this is taken care of, and it is going to take
      some time. Good Luck!

    • it would seem that that perhaps someone at
      ametak, maybe their newly appointed ceo, was a little
      sharper than anyone had hoped.or maybe someone realized
      that the recently replaced ceo was about to make a big
      mistake, and that potential mistake hastened his
      departure.hard to believe that the timing was just a
      coincidence.

    • Yourself better read it carefully, Buddy. The
      fact is that "Ametek disagree the value of that
      property and business". I really hope BOOM can find
      another buyer willing to pay for 17 million before
      Dec.30. But, it is not as easy as you "hope" at this
      juncture. How much can they get right now? I do not "feel"
      it was just the difference of a few million dollars,
      otherwise Ametek won't take the risk by walking away from
      this deal. Good luck.

      Sincerely,
      Wade

    • The press release should more accurately read,
      Ametek breaches contract. I hope the company sells this
      division to another and sues Ametek for the difference.
      Then pursuant to the contract it can also recover its
      attorney fees and costs. It all takes time unfortunately.
      I was hoping it would be able to cut a deal with
      Ametek so it could go ahead and get on with business.
      Good Luck!

    • My concern is if they still have money to pay for
      the new plant and pay down the debt if they can not
      get the full 16 millions. Their original plan was to
      use the 17 million to pay down all of the debt so
      that the new company will be healty and very
      profitable. Now.... where are they heading? Not a good news
      to me. Good luck.

      Sincerely,
      Wade

    • about the deal being cancelled. We stockholders are the only ones in the dark these days.

    • Almost 4 times normal volume today - no gain but pissy market day. Any one have any thoughts as to why? I'm antsy to average down again but waiting for some idea of whats going on.

    • I am not Mark. My understanding is that there
      will be a press release as soon as the deal is
      salvaged or as soon as the deal falls through. For right
      now, no news is probably good news. If the deal does
      go through and one has bought stock and reduced
      their cost basis, there should be a nice pop. If the
      deal does not go through, I believe the company will
      sale this division to another and sue Ametek for the
      difference in purchase price, which would be the most
      intelligent way to proceed. Lastly, I think we can expect a
      loss until this division is sold or the Asian
      economies really improve. Good luck.

    • There is one person who has the real info. That
      is Mark Jarman. He is the IR man for DMC. I know he
      reads this board periodically. So Mark, what is the
      situation with the sale and the lawsuit. When do expect DMC
      to return to profitability. Also what about the new
      facility in PA. I had the impression that our new CEO was
      more in tune with the Street and yet DMC is lower than
      it has been in years. I hope to hear your comments
      or any insight you can offer.

    • i know the news continues to be depressing, but someone must have some information concerning what is going on. Is the deal dead, is dmc going to make it through this?

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BOOM
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