Why not buy right now? Why pay anything more? I mean these people have no resemblance to Mother Theresa.
This whole rights action is a ruse. The fat cats are trying to look like Mother Theresa. Improving shareholder value? Yeah right. Maybe as has been posted here these guys know more than we and see something? But then again maybe they simply got caught with their pants ( or should I say wallets) down.
The post was about rights and the prospectus. Side shows like name calling is not going to help our cause here? I'm just as PO'd as anyone else here but stop the BS please. We've had enough BS from this company.
Did you really expect something positive out of this for we shareholders? Just asking but why was $5 the set price? Did they throw a dart?
Thanks bluesky... As you stated: historic performance is favorable to share price appreciation.
As we all know too well here there are exceptions to that rule.
I have never been a holder of a stock that offered such rights. Has anyone else here and how did you make out on them? Is this usually considered a pro-shareholder action? Sounds to me most here believe this is all an attempt (by a few large shareholders) to capture the remaining shares of XCO at our future expense??
I don't care is it's us or we (since when is this an English class) the question remains. As probably does the result....shareholders get screwed in the end big-time by fast buck artists.
I see the one where they announced that Ross and Watsa would backstop the offering. Excuse me for asking but what's backstopping mean?
If they can make a killing by taking it private then doesn't logic dictate that XCO is being priced right now at a much lower theoretical value? I mean if there is potential to buy at say $5 and make tons off this purchase one is concluding that this company is worth much more than it's current price? If true, WHY is it so low right now? S-term traders playing the not-so-good-news as of late? And why is the short interest so high?
Much has been speculated on here about this rights action allowing the big boys to swoop up XCO and leave we petty cash players in the dust. How many shares would they have to buy in order to pull this play off? Why not just do it now?