There is no way the offer would be lowered. They are making profits every quarter and in the black. Ask yourself who is selling at this price considering company is profitable every quarter with a lot of project wins? Stockholders would not vote on a lower offer to accept it.
How could the board do that without getting sued?
$17.50 book value! No one would vote for the buyout anyways, so does not matter..
That is extremely unrealistic! That would be far below half the book value. The company would be sued for sure!
The present non-binding offer is already way to low. It's like offering to buy someones house for a price so low they rejected it. Then same potential buyers turn around and re-offeri at a even "lower" price. Gee whiz golly! I wonder what the outcome would be?
You can't get it done this week. We stock holders have to vote on it.
Oh wait...it also needs to be an official offer accepted by the board.
No...cannot do it this week or this month even.
Gee whiz golly!
OK lets see.......
Little boat in dark cold open sea, or.... BIG boat??
From now on we will know you as jabaileyjr "the guy with the little boat"!
No it still does not look like a good offer at half the book value price. And the offer would still need to be voted on by the share holders so I doubt it will ever go through.
Yes I was noticing the same thing! So many paid bashers means they are very nervous that price will not hold down at this level. Not much way you could go wrong if you can buy down here.
The CEO knows this company is worth way more than he is offering. His price is half the book value.
It is not just his decision. There are some board members and stock holders involved also if you remember.
1. You do not know if there are any other bidders. You are just guessing. Just because there is no information about other bidders does not mean there are none or vice versa.
2. If investors took the "non binding proposal" seriously they would be buying for a quick 10+ % gain in a couple months.
Oh come on! Greece is a very small country, this is not a surprise to anyone and it was already built into the stock market price. We have known this was going to happen for a long time.
As I recall, WS has never ever mentioned anything about JASO being crooks. That's a complete fabrication by you. Not credible. Heavy shorting caused a lot of issues, but management did a fine job bringing company into profitable state and getting new projects and opportunities. Not that I like CEO's low ball proposal, but I don't think it will fly.
Not true. In the previous two months April and May the stock was closing in mid to low 10's. Hardly flat lining. Investor's not taking this "proposal" as credible, however they are being cautious is why we are only moving up slowly.
The stock holders are obviously not interested in the present offer proosal. The stock price action clearly shows that. Book value would have credibility and still be a very good buy for the CEO.
Buyback rules will only allow them to buy back no more than 2% of the daily volume if I remember correctly. There are rules they must follow when doing a buy back. They are limited on how much they can buy back per trading day.
No it is not that simple. Look up the buyback rules. I believe they are only allowed to buy back up to 2% of the daily volume. That would be 20-30 thousand shares a day. Not very much.
1. Concerning your comment about buyout proposals not usually getting rejected. That's because they usaully are OFFERING A GOOD VALUE for the company! Pretty simple.
.2. Your comment about the board appointed "Independent" commission coming back soon with decision. The only reason they would "come back soon" with their decision is because this offer is so ridiculously low that there is not much to consider as far as it being an acceptable offer. Also indepentant commission would definitely be investigated by Chinese government if they took the offer. Trust me you do not want to be investgated by Chinese government. Other Chinese Solar companies would have a lot of PR to do trying to convince investors in their company that this would not happen to them.
3. Peoples confusion with the 1:5 split. Really? Anyone just reading this message board see's the mention of the split all over the board. Especially from Mr Chippy guy! Most investors already know about this and understand the reason it was done which is typical reason to do a reverse split.