It makes you wonder why NTI mgmt. and their review committee agreed to this proposed sale to the worst refiner company in the business at a price which was initially ridiculously low/peanuts and then worse yet tied it to the stock price of the POS WNR resulting in the original price being cut in half and being an outright theft. Does anyone smell the stink/corruption in the air?
It only makes sense - a level playing field. "Ride share" taxis should be subject to at least the same requirements as regular taxis which is what they compete with. Interesting question though is how you level the playing field for the taxi medallion requirement.
Will it continue to pay a 7% dividend (actually it will get higher if the stock price continues to dramatically drop)? However, most likely they cut or eliminate the dividend in view of the very soft earnings.
It's because the proposed purchase price for NTI was tied to the stock price of the horrible dog WNR. Who in their right mind would have agreed to such a deal? Is there any manipulation/collusion involved?
TOTALLY FALSE!!!. Nothing will be paid in unless and until the deal (theft) is approved. If it is, then the cash option will be prorated which means you will hardly anything for that - almost all will be the default option which is the mix of cash and WNR stock #$%$) which is about the current price of NTI stock. Yuck!!!
NTI shareholders are getting the royal shaft!!! WNR is the worst refiner and stock (which has done nothing but go down dragging NTI with it due to the merger announcement) in the industry and is offering chicken feed as payment. Any NTI shareholder who doesn't vote NO on this criminal theft of a "merger" is an idiot or is paid off.
Strongly agree!!! Vote NO. Don't let these thieves steal our stock. WNR is poorly managed company which has substantially underperformed all its competitors. The only possible good move for them is to steal NTI by grossly undervaluing the stock (unfortunately in conjunction with NTI management who no doubt have been given promises of higher paying positions and stock options with WNR) as confirmed by independent analysts and stockholders on their own message board.
We all need to VOTE NO and see what happens. This robbery/crooked deal is simply disgusting. It should be investigated by the SEC and the conspirators put in jail.
Deepsea is a good name for WNR. A better one is "Bottom of the Sea". It is on the fast track for that (along with the investments you have been making this sinking boat). Unfortunately, it has been dragging NTI's stock price with it due to the proposed acquisition/theft.
Correct! NTI shareholders are getting the royal shaft!!! Any NTI shareholder who doesn't vote NO on this criminal theft of a "merger" is an idiot or is paid off. WNR is the worst refiner in the industry and is offering chicken feed as payment.