I guess we find out who will win next wk, but I think that is not an argument I really care about if the company accepting the offer or not next week. My point is they reject the offer because of the pity price, beside everyone know that's not a final price if IDG really want to buy mems. Fair enough that the performance of the mgnt is way below average; but the company product portfolios and market are very desirable. Even without an imminent tech company bidder out there, the company (and I the shareholder) rather wait a bit longer than to sell out at $4 range. Actually, $4 is not an offer, it's more of an INSULT.
Insiders hold 30% of the company; they are not taking a dingy $4 offer. I wouldn't either if I was them. A real take out offer is more like $8 range. A fund is not going to offer that much; only another tech company want to buy the technology would give that range. Right now it is not likely there is any tech company on the sideline offer to bid. So the disappointed traders most likely to sell in the coming weeks; mems more likely to trade down from here.
May be a good entry pt around $0.7.
They are selling more stocks. The natural force is driving the price down, this is to ensure the new buyer is getting a good price based on the 30 days average. I think the market call this "buy low, sell high".
I couldn't disagree more. The stock price is suggesting something else has caused the big money to unload since the last earning report. We don't know what that is yet. In addition, someone suggested that mems is very cheap relative to its balance sheet. I remember many chinese stocks were trading at a 50%-80% discount to cash; later on they became 98% sales items when accounting/fraud surface. buyer beware.
by 22% to 794m shares from 2008 to 2010. Don't know what the current shares are in 2011. The market is right to price the stock low regardless how clean the balance sheet is. Look at zstn, the recent 13D filing indicated someone can increase the share floats by ~15% for mere $2k. Anyone comments?
I couldn't agree more, stock buyback and the stock take a dive.. The cheerleaders on this board are morons.
the market is waiting for ~$6, that's a 50% hair cut since earning and a fair price. I'll buy some myself at that range.
it's heading toward low $8 range.