1) Someone got a whiff of some bad data regarding trials
2) One hedge fund, sovereign wealth fund or Mutual Fund needs to raise cash and has lost confidence
3) Gilead or other competitors are organizing a bear raid in an attempt to make an offer very soon
at as low a price as possible.
This IS how the markets work, and this IS why a Bernie Sanders presidency is even a possibility.
The market is rigged. It is not a free, open, capital raising mechanism. It is a casino where the owners always have the edge. It's twisted and warped.
Thanks, let's say most shareholders wait until the last day (Dec 31) to tender. Any possibility
Comtech gets scared they won't get enough shares to take control and raises their bid? The 31st is a Thurs, so I believe markets are still trading that day.
Can anyone one make simple sense out of the offer we were all sent.
Can't really tell, in simple English, what my options are. I realize I can tender for $5,
but no one has simply explained what happens if I don't. Anyone have a clue?
Market seems to see it your way right now. The stocks recent movement relates to both tax loss selling and the negatives from a Shire buy out. Don't buy yet. Nadir will be in about two weeks in the low 7's.