It would be nuts to issue common at this price. As I suggested, the short term preferred rateisn't an issue. Buyer can easily replace with cheaper capital
davexreynolds..the preferreds at this point are short termin nature which will be gone shortly after closing.
$1.20 plus contingent cash in 2017 and 2018 but that is iffy. Pretty clear that DARA's managemnt isn't capable of running a business so might as well deploy your money elsewhere.
I have worked in the M&A area for 30 years. You folks don't seem to understand that public companies, before they accept a buy out offer,must go to their board with a fairness opinion from an investment bank. The company has already been valued by their investment bank in order to opine to the board whether the offer reflects fair value. I always laugh when the ambulance chasers point to a price target from an analyst as if some pie in the sky target means that is what the company is actually worth, particularly what it is worth today.
cadalus, I posted an article about the buyer on stock twits. They raised a fair amount of cash when they went public, I think last year, so apparently investors felt they had a decent business
Louis is a smart guy. Any comments from him you can share stem?
I don't know Cez, why don't you ask the millions of shorts who shorted Apple at $50 pre all the splits cause they thought Apple was a fad or all the shorts that shorted AMZN at $100 because they don't make any money. Could THOSE millions of shorts be wrong? I think they were. Better yet, ask the millions of shorts that wake up in horror to acquisition news at big premiums. As Pete said, it will be a very bad day for shorts when that happens.
Thanks stem. I have also heard that Mr. Navellier has issued a grade of "E" to Candy and Cez for their utter failure to predict anything correctly.
Candy and Cez are both limp and impotent, certainly impotent to stop the inevitable march to $20 any more than the chubby reporter or the streetsweeper mobsters were able to do. Buy, Buy, Buy all you can under $12. One thing Louis actually got wrong, it will still be a good buy under $15.
See the 2 pages of Candy's posts I put up last week when he was shorting at 5 cause it was going to 2 and predicting Petiit would be forced to resign because of the SEC investigation. Candy knows nothing and the evidence is the fact that EVERY SINGLE prediction he has been made has been wrong. Candy was lucky to have made it through potty training and not sure he has even mastered that.
Candy, the only thing you worry about when you go to bed if whether you will wake up to wet sheets from wetting your bed.