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EXCO Resources Inc. Message Board

  • seadreams1956 seadreams1956 Jan 16, 2014 11:21 AM Flag

    Wilbur has never

    BEEN SO QUIET. HIs plan must be working. Take over at rock bottom price with no regards to shareholders. JMO

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    • Some people seem to forget that the proceeds of the rights offering added capital to the balance sheet. This is not the same company it was before the rights offering. It has substantially greater financial flexibility. Additionally, some big boys bought up the rights to lock in a low price. They could never have accumulated such an increase in their position on the open market without chasing the price up. Peter

    • The only reason your comment doesn't hold water is ... Why would he have bought all of the stock at $5.00 if he planned on letting the price drift lower and attempt a take under? If he truly wanted to buy this thing at 4 or so he would have allowed everyone else exercise their rights and THEN forced the price lower. He has all the inventory in the world to make that happen. You would then have all kinds of selling and he could 'save the day' by bidding some ridiculously low price for the company. I still think he's accumulating stock and will bid some quasi reasonable number for the balance of the shares. It just makes no sense why he bought all the right's shares and why the rights were so valuable a week before they expired. There is more to this story than we realize and I believe we will be enlightened shortly.

1.31+0.040(+3.15%)Jul 22 4:02 PMEDT