Hard to understand what you saying. I am trading for 15 years. And I know for sure that stock price not always reflect true state of a company. One example of many, I held stock Covad COVD, which one day before completing closing, was trading 20% under deal price. There are many other examples, when the price is way above of the proposed deal.
I hope it is going to be voted FOR merger tomorrow. Was anybody on this board buying shares for 5 dollars? I was. I tell you when, December 2008 I bought 1000 shares at 4.40. If economy goes bad who knows how low this will go. Plus the management, as everybody complains here is not most trustworthy. I think at 29.75 everybody will make a profit. Let's just don’t make things more complicated. There are probably some other obstacles to approve the merger ahead. But first step in the right direction is the most important one. Goluck tomorrow.
The reason it jumped to 25.42, was news that all law suites were dismissed. But then selling pressure resumed very quickly. So, I still don't understand why it is trading 20% under purchase price.
It is stil 5 dollars under proposed sale. Why? Investors believe it will not get approved by shareholders or other hurdles in the mix. Any opinions on this?
why would anybody vote against the merger, specifically when CEO is not trusted. who knows what he is going to do next? Sell the company, get us 20% profit and move on
I have been trading ovti since 2007. I saw reversals 5 dollars a share in a matter of hours. I believe it is the safest ply in market right now. But you need to have spare cash to take advantage of this circus.
Just got a call from OVTI. Voted my shares for merger. The interesting question is on July 24th when merger is approved what will be share price?
You dealing with Russians after all. They don't do things like free world does.