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13-08-2013, 09:23 PM
If I am the owner and I have cash on hand, as well as a concrete plan to unlock the value of the company, I will be desperate to take over the company asap.
Why play the patience game and let other people make dividend profit, while letting my cash devalue along the way, then 5 years down the road, I still need to make a higher offer to delist the company? Doesn't make any business sense.
I am 60-70% confident that they would raise the offer to buy up the last 10% of outstanding shares.
However, I have sold out Guthrie today at $0.89 to buy another undervalued company.
I am not prepared to follow through the process, sending in the form, and wait for the money to enter my account. Too troblesome for me, and the counter offer is ultimately not confirmed also.
Why play the patience game and let other people make dividend profit, while letting my cash devalue along the way, then 5 years down the road, I still need to make a higher offer to delist the company? Doesn't make any business sense.
I am 60-70% confident that they would raise the offer to buy up the last 10% of outstanding shares.
However, I have sold out Guthrie today at $0.89 to buy another undervalued company.
I am not prepared to follow through the process, sending in the form, and wait for the money to enter my account. Too troblesome for me, and the counter offer is ultimately not confirmed also.