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Yongye International, AŞ Message Board

  • christophefrancois92 christophefrancois92 Apr 9, 2013 1:09 PM Flag

    NASDAQ should not destroy the buyout

    Even if Yongye has frauded, insiders and investors are going to reach an amicable settlement that even the court will prefer. Why does NASDAQ want to destroy it? The settlement is $6.6 a share and investors will overwhelmingly say YES in the vote. Please click the thumb up to show your support for the settlement.
    (Note: I didn't say Yongye has frauded, to the attention of short sellers.)

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    • what makes you think the Nasdaq is doing anything to destroy the buyout? I haven't seen anything that indicates this.

      • 2 Replies to mekong22
      • There is no type of financial analysis that could conclude that $6.60 is a fair price for this company. The only reason $6.60 would be a good price is if the company is truly a fraud. If the numbers signed off by KPMG are real, then $6.60 is a disgrace. The special committee and management both know this...that is why we are currently in a stalemate.

        Sentiment: Strong Buy

      • if you're referring to the April 15th ABAX deadline, I just assumed it is understood that if they come to a deal that is great for the buyers (anything $10 per share or less), there will be no problem getting funding, even if ABAX is long gone. At that price, I would bet that MS would use their own money if they had to. I can't imagine a scenario where they can't get funding unless they offer to pay much much more no matter when it happens.

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