Zhou + SINA want to buy (steal) the company on the cheap. Their offer is not binding, they can change the number any time and have enough votes to make it happen. That is one reason it is trading below the
if, and. and but offer amount. Right now, I expect to see this go through at some point down the road under $5, what would be the motive for the Chairman to push the company to increase performance and push the price up? Just the opposite. This is already cooked,
"Full of garbage, hilarious, pathetic troll" this is the kind of childishness that comes out when the kiddies
just don;t get their way. Grow up, jham.
WIth SINA in, that does it, already 48% so they will take it private at any price they feel like paying, forget the "independent" committee, this is China. Would much rather have had a white knight bidding up. We are screwed.
Typically, "outside" advisers like investment bankers will be hired and paid a fee of several million dollars to end up supporting the offer to take it private. My guess is that $7.38 is an opening bid (why would he open high?) and we can expect it to go up bot not anything like the IPO price, and certainly not in line with the risk/reward most of us have been looking for. However, they will need the votes of the institutional holders
for approval, but they typically follow the recommendations of the "outside" advisers to cover their butz as well. Only a well funded activist. investor could blow this off track, and no-one of substance is going to step into this Chinese quagmire. in my opinion.
The anecdotal stories are very encouraging, but the fact remains that this is still trading well below the R/S
price, as predicted. From the ROI perspective, this is not a good thing for longs.
I don't get the pump and dump here at volume, up on news, likely market if any is probably outside the US
(China), then the dump. Somebody must be trying to unload for pennies.
"Paul Porter, our Chief Mechanical Engineer, is preparing test facilities for the 375 hp diesel engine in Richmond BC. He will populate the engine with the new seals and prepare it for full spin testing." What does that mean, I thought the test facilities were already prepared. Does this mean he still has to build the test facilities, disassemble the engine, install the new and improved seals? WHEN will it happen. How long does it take. Is there a benchmark, a deadline, even a goal? What month, what year. It seems to me with
full effort, it could all be done in a month, now that all the parts are in, and the money from China is long in the bank. Right?
Apple does not need LQMT for anything , it owns the perpetual rights to the IP for consumer electronics and can design, build, market , whatever it wants within CE, with whomever it choses. There is no particular reason to use a one horse badly managed company like LQMT to to do anything in that arena, certainly no obligation on Apple's part. If you are one of those people that believe Apple is going to be the major source of revenue for LQMT, you are going to be disappointed.
The Apple watch is a consumer electronic, which also tells time. The Swatch application is for a timepiece. If that is the case, there is no conflict between the two using LQMT in both products.