Well it looks like TAYD is waiting until the last minute to file their 10K and earnings report. Filing just before a 3 day holiday always sends a real positive message to the markets. I always get the feeling that management is trying to hide something when filing when everyone has gone home for a long weekend. I guess we will know soon enough if that ends up being the case.
on almost all buyouts announced. In 90% of the cases it becomes an exercise that goes nowhere. But in the COBR case there is a real chance of some success. This low ball buyout is so undervalued with current management owning too few shares to even care. I'd be willing to bet that current management got some sweetheart employment contracts to go along with this deal. If that's the case, I think you will see a possible sweetened buyout price coming shortly.
Up on very little volume. I do believe however that on a high volume day/week/month ASTC can retest its 52 week highs.
There are plenty of companies with plenty of money and no business. Just look at the small biotechs that raised plenty of money via an IPO and many many secondary offerings with no drugs to sell. ASTC right now is a venture capital play with two companies not yet earning their way. Yes, right now they have the money but how long will it last?
What will the absence of news on 1st Detect do for the share price?
Why would they halt the stock? If they didn't have the votes the meeting would have been cancelled and moved to a later date so management could take the extra time to solicit the needed votes. Since they haven't announced a cancelled meeting as of yet, most likely they received the necessary votes. As for the stock price action I expect very little either side of what we are trading at now.
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.