I don't think this unsolicited offer has a snowballs chance in he** of being accepted by the BOD's. Plenty got bagged early today thinking they found gold in this arb play IMO
Well buckeye as of late last week they did not have the votes needed. If they did they would not be making "frantic" calls trying to get the needed votes.
You do realize if they do not "ever" get those 2/3 votes in favor the deal is null and void. Not sure what they would do in that case. It's not like they have multiple companies knocking down their door to buy the business.
to hold the special meeting on the Lockheed purchase by tomorrow? As of last week I happen to know they were in a frantic search for votes to reach their needed quorum. Absent getting those votes the special meeting will have to be cancelled and rescheduled at a latter date. And needless to say if that becomes the case they will have to spend additional monies in an attempt to solicit those needed votes.
The problem is they have promised in the past and failed to deliver. And their balance sheet suggests that they will be back to the market looking for more money in the not too distant future.
looks like they gave him another 79,655 shares for nothing and shoved him out of the door. Not a bad days work with the stock valued at around $390,000 on 8/12(shoved out the door date). I think I'd be able to afford a nice steak dinner with that parting gift.
robo, keep in mind they only own two courses with the third one being leased. Yes in liquidation they may well get more than what the golf assets are on the books for. The problem is currently they are returning less than any money market fund at 1/1000 of one percent.
Hard to believe they lost money on their golf operation in the June quarter. So much time, effort and money invested in that venture with almost nothing positive to show for it. As for the injection wells, it would appear that they still had to invest more money to complete the construction on those wells. Not sure however if the needed additional investment was responsible for the limited intake of brine disposal. One would hope that was the case and MAYBE just MAYBE that venture may begin to pay off.
So much for the stock holding up nicely. The market clearly has other idea's on just why DV moved on. I don't think most believe that he just on moved to another opportunity. Was he fired? What was he paid to move on?
already told everybody that the last quarter numbers were going to be pretty ugly. They didn't disappoint on that front. Going forward there may be some reasons for optimism. But right now, I think the next report will also pretty much mirror the last quarter.
Not sure where the bottom is in TCCO. Another dismal quarter absent any news on future orders will IMO put additional downward pressure on this stock. Current trading action suggests that just may be the scenario TCCO will be facing.
Just where are they getting all the money to make these bids? IMO I think they have plenty of prospects on their plate right now to go after without stretching their "financial and management resources" any further going after yet another deal.
helped by 3 E2D deliveries. Can't expect 3 deliveries every quarter to bail you out. Hopefully their other ventures begin to contribute in future quarters in a meaningful way. In the mean time one must be satisfied with the current 5 3/4% dividend to keep one in the game.
AWX paid $3.1 million for the hotel and tennis complex. We still have no idea what additional costs may be involved in any upgrade to the current facilities. Well i guess we can assume the disposal wells venture will be put on the back burner to focus on the golf courses and the resort 6 months out of the year. I can't see them playing much golf in the fall and winter in OHIO. Thus any advantage for the hotel guests playing the golf courses on their stay should be largely a 6 month window of opportunity.
Nothing suggests that the case you laid out actually exists. The deal will be completed come Aug 20th IMO. But the real question is how much money will ASTC continue to lose each quarter before 1st Detect can provide positive numbers. And right now we have no clue as to how long if ever that scenario will play out. Thus IMO the so call "wales and market makers" will lay low until we get a better idea on just how well 1st Detect is going to progress going forward.
Klingle thinks that the guests access to all three AWX golf courses will be the key factor IMO. My guess is the "market" will vote a resounding thumbs down on the deal.
of a asset and get away without disclosing the purchase price to the shareholders? I'm guessing Mr Klingle feels that the SEC doesn't require that number should be disclosed. An insignificant amount must be the conclusion that Mr Kingle came to on this deal.