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  • stockbard stockbard Mar 8, 2013 9:13 AM Flag

    Takeover offer

    So an inside deal for $.29 a share. Less than 1/2 what this company is worth. Hope a few lawyers are paying attention.

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    • I completely agree. This stock is so undervalued. I can't believe it, so many of us have been patiently waiting for this turn around. Just when it is starting to take hold they try to steal the company from the remaining shareholders. Personally, I was expecting more from Mr. Birebeck. I Any ideas on what to do?

      • 2 Replies to bennta01
      • the 3 "buyers" own 83% of the company. So they are offering like $1.7 million to buy the rest. Double that and maybe we have a deal. $3.4 million is a pittance. Only recourse is to vote NO, or contact some ambulance chaser law firm.

      • This company could be easily worth 5+ the current price in the near future. They are losing money on some of their newer services. If they were to break even on them they would be making 2-3x current profit, If they were able to profit on them which I believe they will in the future profits could be up dramatically. The current multiple is low as well. With more exposure and profit growth PE could easily rise to 15 or 20 times earnings. Realistically, stock price could even be 10x current price. We need to stop this. Need advice from on others what to do.

0.610.00(0.00%)Dec 7 10:35 AMEST