I offered 13300 shares to ditch treaters at $5.98 but they paid me $5.736. I said no and the transaction was cancelled and the money was returned to the offering agency JPM. Now it stands at $6.05. May be it can go to $12 pps a beak even point for me and the hell to SIRF for good. The company is in blue tooth technology and is making progress in its applications in several fiekds.
I did not get a tender for my pink sheet shares (old SIRF - as you did. I did for my CSRE (the ADRs I got from Zoran) - which I like better (trade easier). I did not tender. In 36 years of owning and trading stocks, I never got a tender offer that looked like a bailout of old shareholders. Companies do it - like insider buying - when they see much better days ahead.
What do any of you think is the possibility that these stupid pink sheet shares could get converted to the better and more easily traded ADRs.