one hour to go and counting..The deal is in the bag.The merger is on.
The fact is, WPRT shareholders are getting a far better deal than FSYS shareholders. This is unfair, a travesty and a nightmare for those on the wrong side of the transaction. Why has the Board of Directors forsaken us? Even the CEO would not vote for the merger.
that is fraud...nobody would do that. the risk of incarceration is simply too high to pull a maneuver like that
the stock jumped 4% in normal trading hours and another 12% in after hours. Mr. Market likes the acquisition of FSYS! They stole it. Watch it soar tomorrow
if you multiply 2.4755 FSYS shares by each WPRT share at their last print of $2.42, it implies we will be getting $6 worth of WPRT stock in return. That's not too bad, as it suggests a 15% premium. I am hoping the shares (WPRT) see a wicked short squeeze and get pushed north of $3 in the panic to cover. That would be a might beautiful development.
it depends on how many shares you own, If you own a million and it doubles, then you have something.
Management is a bit cavalier and indifferent about the stock price, because they get their salaries anyways. Their concern is not with the shareholders, but looking out for number one. No revelation here
the boys at JVA are going to attend a investment conference today. Good for them, and about friggin time.
the only problem is, this will cause the stock price to rise, making it more expensive to buy back shares. LESS Bang for the buck, if you will.
low shares outstanding would actually make it go higher, not lower. Did you not learn the concept of supply & Demand in Economics class?
the shares are trading higher, a lot higher on highly expanded volume
an analyst proclaimed in a Seeking Alpha piece, that the Board is looking into a reverse stock split, to make the shares more legitimate.
an analyst over at Seeking Alpha released an article today, saying that LUB should be considered as an investment. Is this another pump and dump scheme?
these guys are on a roll! during June, they picked 280 Smart & Final locations, 413 Walmart sites and over 1100 locations involving the distribution network of Grocer's Supply of Houston Texas.
management already has plenty of skin in the game with a 33% stake. Look for them to try and take the company private at a 20% premium, so they can exploit the hidden value of the company's vast real estate holdings. The chances of a White Knight emerging to block the deal with a sweeter offer is low. In a year or so, The Pappas brothers could then integrate the Luby's holdings with their private holdings and then enact a IPO. They could make a fortune in the process and could attain billionaire status