The CEO reaffirms $500 Mill in revenue for next year but he won't summarily turn down garbage $9.80 offer??
This should have been replied to within 72 hours and it's now 4 weeks. The 20-f and audit results are in the hands of MBP but if there is a deadline as per the contract why not make it public?
The products are great and evidently selling well but this aggregation of clowns does not belong in a public company. They've let the shorts hammer the PPS and they basically don't know how to respond to investors. You can bet that if this was a private company, they'd be on the street reading help wanted ads.
The lack of a credible response to the buyout has fueled the shorts and through the direct fault of management, crippled any rise in the PPS.
"As soon as practicable" is a lame statement and doesn't belong in a public company. The emails we've all received from IR look like an automated "push the button" reply.
Hopefully someone in NY next week will demand a stop to the BS and get a semblance of the truth.
Bring on Oberweis and Morgan Stanley!!!
Blind adherence to the 20-f and the fact that MBP hasn't finished it is idiotic. The question referred to the buyout offer and NQ management has said nothing. On a fiduciary level, it's unforgivable and basically says that NQ management is not ready for the public markets. At some point this will come around and bite them in the ass. The sooner the better!!
I had to take you off of ignore to read the post but your statement leads to the question ...Why the hell do you spend your entire day on message board since, by your own admission, you have no real position except for a possible straddle? You either have no life or your infantile motivation is to spend all of your time annoying people. Back to ignore
Their refusal or inability to update the buyout offer has disgusted many shareholders and you can see by the volume that there really is waning interest on the part of both longs and shorts. Everyone on this board knows the facts since they've been posted and reposted hundreds of times.
The only recourse at the present time is to simply continue emailing and calling investor relations and demanding some sort of update. I'm actually surprised that the schmuck lawyers haven't started coming out of the woodwork looking for lead plaintiffs.
The small number of continual posters reinforces the disinterest in the stock and the (possibly) paid bashers that spend their entire days fabricating BS is amazing. The 20-f is in the hands of MBP and the fact that management never informed shareholders of what the real deadline is simply reinforces the fact that privatization is the only answer. Either privatize or learn how to treat the people you work for...SHAREHOLDERS. A privatization with the management dismissed would cure this problem. Keep the sales force and the programmers and kiss the founders goodbye.
There is no source since he's blatantly lying if he says they were wiped. I have him/it on ignore but it sounds like it's some more made up BS, (as usual)
The offer is ridiculous and should have been turned down upon receipt. The fact that management has said nothing simply indicates that they have no belief in the company being worth more. Their "capital markets division" has no idea of how to deal in the public markets and until they can play with the big guys, the only move they should make is going private. Keep the programmers and the sales staff and fire the rest of the whole bunch
asses and give a responsive update to the buyout offer. This is starting to look purposeful in playing into the hands of the shorts. Start watching for the lawsuits!
The more cylinders, the more Avi hits the piggy bank. This company illustrates the worst of wall street and basically proves that other than major stockholders, no other investors get anything. Company performance sucks and Avi simply raids the piggy bank on a quarterly basis. The only alternative is to sell and walk away.
You can't use stops when you know that the MM's are trying to accumulate. They walked it right down until some of the big boys stepped in. It's 7.14 now and watch what happens after 10:00 when the institutional whales start taking control. GLTA (longs only)
If you are waiting for management to say something, don't hold your breath. The delay in responding to the Bison offer is inexcusable. Call or email and complain loudly
Maybe they're going to surprise us today. I'm not holding my breath