News - Mon 9:59am MTDX.PK Motion DNA Awarded Contract With Professional Sports League; Agreement Expected To Open Door To Professional Baseball Programs and Sports Leagues - PR Newswire
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PHOENIX, April 29 /PRNewswire-FirstCall/ -- The Board of Directors of Motion DNA Corporation (Pink Sheets: MTDX - News), has by a majority vote agreed that it is in the best interest of the company and its shareholders to formalize the acquisition offer made by Formula 51-2, LLC. After meeting on Thursday, representatives of both companies agreed upon a price of $3.125 for each share of the company. Two members of the board approved of the acquisition, while the third member voted in favor of pursing other suitors.
Maybe this is a dumb question but if each share is being bought by Formula 51-2 for $3.125 shouldn't we all be buying this stock. It is at $1.76 right now...which means each share you bought you'd make $1.365. Am I missing something here?
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Yes, I would like to hear some comments from some people 'in the know' explaining how the price hasn't surged yet. It should be popping 80% as we speak.
And good news accompanying the buyout price to boot!
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my guess is that the deal could still not go and investors are playin it safe...nothing like a run and then finding out the deal is bad.. JMO
-------------------- "Never stop dreaming." the most successful ppl in the world dream about things they want and then go after those dreams.. dream big and work to make those dreams a reality.
Warning all posts by this person are considered to be false and not factual.
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-------------------- "Never stop dreaming." the most successful ppl in the world dream about things they want and then go after those dreams.. dream big and work to make those dreams a reality.
Warning all posts by this person are considered to be false and not factual.
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I still say something is going to happen with this stock. A buyout at appx $3.50 PPS when present PPS is $1.65 -- plus news releases in a timely manner.
Just radar it.
Note: I do own this stock. Just passing along the info.
Tue 11:10am MTDX.PK Motion DNA Signs Agreement With Formula 51-2, for a Buy-Out of All Outstanding Shares for a Final Price of $3.125 Per Share! - PR Newswire
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Well, you just have to own the shares in time to receive a vote. Even if you bought after the vote, you would get the pps.
I can't answer the 'why' question. I personally think that it's a PR thing or something. It's like everyone is ignoring it, and then all of a sudden the light bulb will come on.
This stock should run to at least 2.90+ --- don't know when, but who in their right mind would sell right now at this price?
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