June 26, is tomorrow, but check out the year. I am guessing SA article authur made a mistake. It was a old news, at least 10 years old.
but they still sold %75 for US $344M, right? Money is money. They have zero debt. If they return $344M to share holders, each share would get $6.14
Whenever a company is sold with premium, the stock price always spike to match the selling price.
AMCN sold 75% (not quite 100%, but most of itself) for US $ 344M, that is US $ 458.7M for 100%. The outstanding shares are about 56m, so each share should be worth $8.19.
Please correct me if I miss something big.
Will AMCN just return those $344M to share holders? I would get about $6.14 per share, plus still owning AMCN.
Didn't GE just bought $10 million at $7, along with other big investors?
Yahoo finance stil says HERO has more than 200M cash. How come they have to file chapter 11?
I am not selling, nor should you.
I am not selling NOR, should you?
PBMD has a good data with phase II, but it has only $4M cash. They must offer new shares to get some money for the future development.. This must be the reason why it is tanking everyday. I will wait after the share dilution.
Lot of time, things are not that complicated. Do not try too hard to think about conspiracy theory. It is going down may simply be that insiders are dumping because they smell something.