Good point. Plus, Tow Ward with SD would serve as a recent example of what happens when messing with activists and a merger wasn't a viable option.
Plus, SD was TW's baby. He brought it to IPO. Fanning is gone.
How many shares confident are U about this?
Stock was actually trading at 1.45 until buyout expectations ran it to 2.75 range.
TPG had to go to Federal court to get an injunction against management because they were interfering with the proxy vote. TPG finally got rid of TW in June, but he got 90.9 million and 3 years salary at 1.55 million. Killed PPS.
Hope your right! I have traded in and out of this stock based on those rumors twice now since May. Back in again at 1.99. Maybe 3rd time is charm.
Was that your video on Stock Tweets?
Management just using potential sale of the company to put a floor under the stock, while management attempts to turn the business around.
Management said that it has made changes in its sales force that have already begun to pay off in the early part of the fourth quarter. The company also secured $40 million of debt financing, to shore up its near-term liquidity.
They believe they can turn it around in next couple of quarters before being forced to sell. Plus, gives them time to work on another stall and delay tactic