sounds to me like they hired the right firm to sell the entire company; selling is way overdone, and I think shareholders will wake up one morning to find an extremely attractive buyout offer
sad thing is that someone is going to be able to scoop up this company and its reserves on the cheap; and take full advantage of shareholders.
what does this mean?
company says it was disappointed by the "dislocation" between its share price and the underlying value of its assets.
Lots of share out there. Be lucky to get $5 a share because of their present financial condition. Why pay retail for the company when it can be picked up for pennies in BK.
Do they speak Chinese?