the recent Sunrun buy of REC Solar
the future solar prospective is pretty clear, so the best defense is buy low and hold. Bought 1000 in @$6.57, will hold it for at least another year or 2.
Together with possible CDB financing, should be very promising for long term.
The reverse split should have taken the multiplication factor into consideration. Like, if its historical high is $10, after a 2-to-1 reverse, its historical high should change to $5, but the historical market cap high should remain the same.
So the law suit should focus on, whatever proceed they could get from selling the wireless division, it should be given back to the share holders by the date the MACOM purchase was announced.
This is from their news release:
MACOM intends to commence a tender offer to purchase each outstanding common share of Mindspeed for $5.05 in cash, without interest, and MACOM will assume certain equity awards held by Mindspeed employees. The transaction value is approximately $272 million in diluted equity value.The boards of both companies have approved the transaction, which is subject to customary closing conditions and regulatory approvals. Mindspeed currently expects the transaction to close by the end of calendar year 2013.
Mindspeed is also in advanced discussions with a strategic acquirer of its wireless business and expects to continue those efforts in the coming weeks. The wireless sale process will not impact the closing of the MACOM transaction described above, or the transaction consideration paid to Mindspeed shareholders.
Should have a great opportunity