the lawsuits will come after the announcement. His public statements and the tanking of earnings with awful announcements leading to the lowball bid will undo his company.....he will lose that 300 million in the bank. in the very least he will be forced to pay much much higher for the outstanding shares.
translation.....yeah I've been messing things up but why isn't my company worth more....let me make more ridiculous comments....sure i can list in china and be worth more....really???? No you can't.
In this regard, Li Guoqing admitted that, when the transition was not successful. "Transition slower than I thought any areas in which we want to explore, are giants take the money 'hit', does not require a team of entrepreneurs and innovation, so that you do not have profit margins, not only did not, after larger scale also No, so this is the electricity business scary place. in fact, the price war, the capital of war, who have capital, who will do it, so I do not think a successful transition. "
and jingdong growing at twice the pace......not the stock market thats the problem its the leadership of the company not doing enough. whether here or in china crying doesn't get you valuation. need PR and good results.
DANG price was multiple of 1 until they started tanking earnings calls....fire CFO, delay earnings, revenue warnings when you only miss by a couple million.....ridiculous buyout offer.....Did JMEI or Jingdong do that? NO...hopefully decision comes soon so lawsuit can settle this
price down because of offer....because of announcement of loss....because of CFO being fired, because of revenue miss announcement....because of delayed earnings announcement. Price of stock down because those in charge wanted the price to be low. This is insider trading, and will be legally pursed as such. None of the other companies that privatized followed this path. In the end they will have to pay more per share to buy company back.
when they finally make a decision and buy back at 7.81. between the lies about things being done for shareholders value as recently as the last conference call to the surprise announcement before each earnings since the stock was 16....firing CFO, delaying earnings, warning of revenue miss....to the large loss without warning....it will be an interesting lawsuit.
e long looks like a done deal. No legal uproar, trading 1 buck from its buyout, and being bought out by another company so there won't be a new listing in a unstable chinese market.