I'm an EPWN guy, like many of you will be soon, but am really getting wacked-out by the strange boards over at Raging Bull. These losers are in a hypnotic trance over this thing....it's frightening.
The thing that convinced me to sell the bulk of
my 'free' WITD-transformed into EPWN (at a higher
price than it is right now), was the unremitting hype
of some of the wackos on RB. I've never seen the
equal of it. Those people sound like drunken Dutchmen
during the tulip mania. Anybody who asks questions or
seeks information is referred to as a basher and
ignored -- de facto or by use of BR's 'ignore' software
feature. (Wish we had that here on YF
I've seen bashers -- the EWEB and ENON boards had
their share of cheerleaders and bashers a whlle ago,
but nothing to equal that craziness.
thought was that if people that out-of-touch are the
market supporting the shares while those shares were
declining steadily, there was no substance behind them. The
disparity between COLO and EPWN prices smelled bad to me.
(Per my earlier post.)
If I'm wrong, I've
retained about a quarter of my holdings which cost me
nothing, and the proceeds from the rest will pay most of
my capital gains tax bill from 1999 without my
having to dip into investment funds. (Could have paid
the whole thing if I'd discovered the WITD situation
three days earlier and dusted off the
Still waiting for financials on EPWN to give some
credence to what is being stated. For a one for one stock
merger to occur, either COLO will have to do a forward
split, EPWN a reverse split, EPWN to trade for 1/2 the
price of COLO, or COLO to double in price. I see no
evidence of either yet, though EPWN is dropping in price.
Only time will tell with this one. Any sane thoughts
out there on this?
Why so large a discrepancy between COLO (6 13/32)
and EPWN (5 5/8) share prices when each is supposedly
equivalent to the other under the merger terms?
Market doesn't recognize there is to be a merger 1:1?
Significant doubt the merger
will come off. (Possible. The only more bizarre
combination than that of a truck-bed liner mfgr/raccetrack
operator with an online auction site of which I have ever
heard was former Clabir Corporation, which made
Klondike ice cream bars and also armor-piercing missiles.)
Expectation of an adjustment in the 1:1 merger terms?
(Related to previous option, and certainly possible.)
Sense that between now and the merger date, the share
prices of each may decline because the market is shaky?
(Maybe true, but it should have the same effect on
No arbitrageurs. (Doubtful. All stock
traders think they are wise aribtrageurs.)
retail sales to a smart market maker of EPWN from people
who wake up to discover their 'worthless' shares of
WITD have cinderella'ed into valuable shares of EPWN,
and want to take their windfall before NASDAQ
collapses? (Possible, but how many of these can there be?)
I also posted this on RB, both COLO and
EPWN. I agree some of the people there seem to be in
another world. They don't seem to respond to real posts,
just engage in fantasies, like somebody who's opining
about selling at $60/share.
(I am long EPWN,
which arose from my Wasatch.)
After the past few days of falling internet
values (NASDAQ down 12%) I wonder if they are having
second thoughts in Michigan about merging with an
upstart like EPWN. Only the strong are going to survive
the "valuation shakeout" and I don't think EPWN will
be one of them. If I were the owners of COLO, I
would stick to my knitting, and maybe expand a bit more