I hadn't noticed all their paid touts spamming. But its just more obvious evidence of what has been a 13 year fraud on the public in my opinion based on their SEC filings.
How does Calvert live with himself ? Honestly, I would think the guilt would get you after so many years.
That is Calverts track record !
Im worried that the stock will drop after the tender offer. My position is small and a partial sale of 22% of my position in the tender wasn't appealing.
I think I paid $4.51 so I had a decent 40% gain.
The insider sales bothered me some as well as the very low inside ownership other than Becker Drapkin.
Im guessing I will get the chance to buy back in if I want near or even below $5.
I don't know much about whats here. Mostly piggybacked Becker Drapkin.
Almost certainly they will check the box that says tender at whatever the price..
Do the other officers & directors that are not tendering own material amounts ?
Says they have been shareholders over a decade. Their avg cost may be about $12.76 per share if my math is right.
Only buys in the last 60 days were before the move at $9.62.
In light of the recent announcement by GAMCO of an intention to nominate individuals for election to the Board of Directors of the Issuer and recent press reports of potential purchasers interested in acquiring the Issuer, the Reporting Persons may choose to respond to overtures from and engage in a dialogue with the Issuer and others concerning the best future plans for the Issuer. The Reporting Persons believe that constructive engagement may be useful in encouraging an outcome that is in the best interest of all shareholders.
The folks involved in the offering had the news.
These public offerings are just sec sanctioned free money vehicles for the investment bankers.
One had bad things to say.
Apparently the CFO reported the CEO for shady practices, excessive spending.
That's probably why the stock is down.
Sounds like he needs to be ousted.
But, Im thinking the market is now realizing its going to take longer than expected to show the EPS that would have justified higher prices.
A green light for me would be Becker Drapkin buying back in.
Who knows, if it drops a few points maybe they will ?
Im not going to stop exposing these guys. ever.
And CA law calls for them to reimburse my attorney fees when the case gets thrown out as it almost assuredly will.
Next step is apparently figuring out how to serve me by publication which seems over their head.