Thanks, I'll check again next week. FOXA may have some legs still, but it could be bought cheaper IMO. I think there's a clear and present possibility that Marley Coffee could outperform Fox by a large percentage when you are talking a 1+ year timeframe like he said he would hold.
If the price goes significantly higher during the calculation period, they could end up paying MORE than 50 cents too.
Ironridge has a good likelihood of receiving a discount, but the paper gains would be gone in the blink of an eye if they tried to dump millions of shares. "Bigger fool" investing doesn't work when you own large percentages of an entire corporation. They would clearly have to believe in the real prospects of success for Marley Coffee because they know they couldn't be "the last one out the door" with that many shares if the doo-doo hit the fan. Ironridge already stated more than a 5% ownership stake and received approval from Marley Coffee prior to the latest deal.
I'll short it just for fun. Management probably didn't break down comps and show the Pie 5 same store sales because they probably sucked! I'll laugh about that one all the way to the bank jsteveblow730.