There have only been a couple of million shares above the normal volume traded. There are over 30MM shares. There is no way that a buyer would get 90% with "normal trading volume." There would also need to be sec filings when a buyer gets to 10% - So while I like your share price numbers I don't think that either the action you described or the resulting share price are going to happen. - But there is definite buying interest and the "take Private " or buy-out price would need to be significantly higher than today's price - so investors are positioning themselves for that possibility. - In my humble opinion I believe $11 to be a fair price based on a number of factors described in prior post. -Actual results may be higher or lower - or no deal at all. Please do your own due diligence.
Agreed -3.10 in cash -6.10 book value - Nothing to be concerned about here - STILL great value! I added to my position this morning when a few weak hands folded.
Should drop back a little tomorrow to reflect missing the dividend today. - But at just 4 cents the dividend doesn't appear to be a major factor there. They will need to raise the dividend over time. - don't know if that is in the plans -or additional branch expansion first? - Any thoughts?
Combined these two groups now own have about 26% of the company. With the recent depressed share price it would be an opportune time for them to buy more before making a bid to take the company private.