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NDOL- BUY OUT OFFER - going insane - 10% open market purchase of stock PR
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[QUOTE]Originally posted by weatherbill: [QB] I said it would go back to the upper teens, but check this out! Something I didn't think about before, even if a buy out was off, the folks who wanted to buy Nord out said they intend to purchase 10% of the company stock. The float is only 28 million right now out of 236 million. If those investors buy up 10% Nord shares as said in the PR, that will only leave around 7-8 million shares in the float. Nord recently added 20 Million shares to the O/S and that was for employees of the company, but don't think those shares have been given out yet and who would want to cash them in now? I bet the OS would be around 4-6 million really, since there are many smaller investors long on Nord as well......with a float that small, this will move in a massive way come mid May...... Keep in mind, employees or directors of Nord are not day traders. They are way long on Nord and they won't be cashing in their shares anytime soon at all, so the float is going to be around 7-8 million if the buy out doesn't happen, (but probably 4-5 M) but if it does, expect a massive surge and if not expect a much quicker rise in Nord PPS than normal.......man this is looking good no matter what happens. Mid May baby....Mark MY WORDS....MID MAY! [/QB][/QUOTE]
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