Yes I agree its sad to see people trying to do this. I don't think there will be any merit to the lawsuits. It appears the law firms are asking for somebody to be first so they can file and if no takers they will just go away. I don't think Jack will just pay to go away for these folks. He will fight them hard and not lay down with poor threats without merit. If anyone remembers the minor lawsuit from a few years ago Jack didn't give up and it all went away with no money for either side. I'm not sure what a buyout price might be but the stock is very low now and I could see private money wanting it at even $4-5. They could win the sales tax issue and it instantly goes to $4+. The downside to me is very limited. My guess is wait to see how CA acts towards arci and any settlement. The net worth of the company even with paying CA if they do it's around book or less. Hope to see double or triple by years end. Who knows!!! Have a nice day.
I think if they get law passed for non sales tax for future they will likely be able to settle for favorable terms. Plus if they restate and have less income of 4M over last couple years won't thet get a federal tax refund now for $1.6m in cash now... so the net out the door is 2.4M of cash which might take up to 3 years for California to make them write the check? Yes it's like a good chunk but not create a crazy low p/e. I think this activist investor will try to take it private in next few months. If they can get company bought for less than $5 they will do it, just in my opinion. Have a nice day.
So not sure if everyone is following the current situation. Big buyer of more than 11% so far presented something to the board of directors at the end of Jan. Some suggestions to help increase profits and share price would be my guess. If you look deep enough in the one SEC filing it appears they want the names of all the shareholders to try and get some board seats and also for any potential tender offer or offer to the shareholders. Is this guy going to buy the company? Sure looks like he's putting his money where is mouth is with all his buying lately. It does seem crazy we are at a p/e of 5???? The California sales tax issue or potential issue is hanging over the stock price big time. There's also a letter from him back to the board on an SEC filing that's interesting to read. Biggest thing he seemed to want is for Jack to be put back into CEO role. Likes Jack and his vision for the company. I thought Jack was looking towards retiring soon. I credit the Minneapolis Star Tribune for news story last Friday about all this. If CA sales tax is not required as the company has said and is still saying then look for a huge increase in share price and/or a buyout offer, but that's just in my opinion. Who knows. Have a nice day.
Ok I've been watching you talk about all this theory on stock price manipulation and think you might be onto something. Recently I've seen way too many 100 and 200 shares trades that just don't make sense to me. Stock will be up on good volume and then at the end of the day somebody throws in 100 shares at the bid. Have a nice day.
Noticed a new large buyer of shares with SEC filing recently. He now owns 663K shares purchased recently and appears to live in CA. Nice support for the company with his ownership. With this many shares in short time maybe he's looking to buyout the company and take private. IMO its a no brainer at these levels as long as they get CA audit done with no changes which I hope they will soon. Have a nice day.