That is BS. Does not matter if the company is in play or offer is unsolicited, they don't have to take the offer, but it is their fiduciary responsibility to at least respond to it.
Only this management can get away from this.
Why dont they come out and reject it for being too low?
That will at least indicate that management thinks NQ is valued much higher than Bison and they are indeed working to get 20F done and get back on road to a more rational valuation
i dont see any point in keeping silence.
Doesn't this management has fiduciary responsibility to evaluate and respond to all buyout offers on behalf of shareholders?
We are approaching one month anniversary of Bison offer and management has not uttered a single word in that whole month.
I dont care if this offer is fake, fluff, low, illegitimate, they out to come out and give us update
Read the story on Focus Media. Very similar allegations, MW shorted big time. Stock went as loas 9, finally got bought out at 27.
Market is right 50% of time
Monkey is right 50% of time
Market pundits are right 20% of time
A statement such as 'We are making good progess" will give investors some comfort. But this management appears to have their head in the sand. So I dont really expect anything
It looks like NQ's participation is still on.
Still hoping for NQ management to come out and give shareholders updates on 20F and Bison as these will be questions asked by inst. investors.
No word from management on 20F
No word from management on Bison Buyout offer for almost a month
Shorts manipulation keeping lid on even a micro rally taking place, or dead cat bounce
Market making highs everyday, NQ falters near all time lows
NQ releases positive product PRs that is taken as fluff and has no effect on stock
Just everyday of bickering, frustration, hope and then despair
The management has to really come out and say what is happening.
This company is currently run like a private business now with small float controlled by hedgies and shorts.
dry, wet, damp, soaked all useless news.
this company needs to come out with a date for 20F. Thats all matters.
then what the fakk is the problem with this stock?