austin marxe says company was approached to be bought
Take a look at the filing and letter to the board this morning and everything that we have been saying on this board is coming to fruition. Salaries to be cut across the board, addition of a new board member is on the horizon and Layton must remove the poison pill. I am going to put in a call to Special Situations and contact a few other major holders in the next week and I anticipate I will try and make a filing to request a vote to remove pill and hire bankers to sell the company!!! I believe at a minimum i could get 40-50% votes over the phone...good night all!!!!Atleast $5-6 bucks in a buyout!!!!
Welcome back Low. I almost thought you are like cliffbanger86 a fraud and manipulator. Hope you will mange to remove the poison pill. I have almost 1% of company's shares, so i am with you. Good luck with longs. I think today we will see a huge short covering and hope share price goes above $3. With the new ER today, company may have a huge revenue in Q4.
Agreed, but the problem now is valuation given what 2013 likely will be in terms of Ebitda. Probsbly need a year now to build operations to get the value it would have had a year ago. The analyst for Special Situations was clearly frustrated on last CC. DWRE can be the white knight for current management to stay in place of they buy a chunk of shares to dilute everyone else.
It just sucks that a buyout is now the only real hope in the next year or so. Operations will not drive it no matter how much you cut exec salaries.
This letter will help put a floor on shares but not sure of much upside from here unless buyout comes in.