With the price below a buck for so long they will have to do something to keep their listing. Getting down to only about 5 Million shares will make it possible for funds to buy this stock (above $5) - still think a buyback needs to be done soon or I would certainly welcome a hostile takeover bid... I would give up my shares for anything north of $2.50 - Who else would sell at that price or better?
Much better prices than Walmart and much better produce. Some of the dairy items are 30-50% less than Walmart. - And in stock - not like Walmart.
Between Ariel and North Star they own about 30% of the company now. With so much concentration in just two hands it wold not be difficult to make a take-over happen if they voted their share s in that direction.
Nothing to get too excited about still just $.98 per split and only $200 M market cap. Not much for a couple of billion dollar company. - But much better than just a couple of weeks ago when she was just about written off as dead...
Then they should start buying those cheap shares NOW to make the remaining ones more valuable (and to profit themselves) - each "cheap share" purchased at less than the net cash value per share now makes the net cash per share increase from the $2.50 per share level. Fewer shares and greater concentration of ownership makes a buy-out that much easier.
To shut this down and we all take our net $2.50 in cash and go home........ Why keep it going when it just slowly erodes the balance sheet??? Shareholder value needs to be unlocked now! - What do you think???
W\hat dogs and ponies were being trotted out today at the investors conference at the Hard Rock n Chicago. - Anyone see? - Doesn't look like anything laid out (if it has happened yet) has made any large investors come to the table with buy orders. ......
up or down - with trading volume VIRT wins!
less than $40 million market cap now with 4X's that on the books in net cash (cash less debt) - looks like something needs to be done quickly in the way of buybacks or dutch auctions -or this company is simply too attractive for a hostile offer. (to be purchased with "no money down using the companies own cash to do it....
Say it with me - TAKE OVER!
ACTS has just announced a dutch auction for shares. - I think that CNTF should give serious consideration to a similar program.
agree. - The whole market is sort of crazy right now but I think we are nearing bottom. at least to the point where there are some good values even if the market goes a bit further down. I added to my portfolio with new cash today.- and Date was one of the companies i increased my position in. - good luck to all. !