No sense in haning around; granted off chance that there will be a white knight, but the chances of that happening are higher than winning the 600 million lottery tonight. Good luck all, still holding for another 5 cents.
Today, Friday May 31, have over 97,000 shares. Guess Yih and his partners are purchasing all they can. I still don't think they have the majority of the shares, enough of 50%. Yet they only need a majority of the voting shares to be in favor of the purchase, and some may not be voting. I just put in order to sell my shares at $4.69. May be ridiculous but so what. Good luck all. Still holding
Maybe this is Yih and company buying shares, but as I read the news release, only shareholders of record as of May 28, 2013 are eligible to vote. Thus any shares purchased by Yih after May 28 will not count toward voting rights on those shares. This is true for Yih or anyone else.
So why the sudden uptick in stock price after the meeting announcement? This I do not understand. Thoughts and opinions?
If a $1.91 purchase today would yield a $.09 gain, in say 2 months, that computes to about a 28% return---better than a CD for sure. I'd think the pps would be moving up by now....the institutions still seem to be waiting.