I agree.I think that hot money was going long thinking a merger was imminent. So they bail and depress the stock. It is such a good deal to get the enthusiasm of Medtromics. They didn't put up that much money without checking it out thoroughly.
No stock to lend out. They shorted and now the announcement and they are going to get screwed. They must be in a panic. Go luck. They are going to cover or get squeezed.
Go baby go ! they are out of ammo and the fight has just begun.
The agreement is a milestone victory toward increased sales and profitability and they have forged a great deal. Will be profitable very soon with this agreement. If you disagree tell me why. I am all ears.
Heads should roll for this screwup. Paying a breakup fee for a tax issue. Ghessss do they any sensible management. Watch the insiders sell what they bought when they thought they had a deal. Outlook for nitrogen is iffy at best.
They blew the breakup fee. That is big money. A merger based on taxes is really stupid and they pay a breakup fee ? They have competition from China and I suspect that Saudi Arabia will be next. The Stock should be sub $25 but it ill take time. Nitrogen continues to trend south.