posted
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? News out today as well.
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It is. I've been in since last week and holding. Some people are waiting for news on the shareholder meeting and when the deal will be closed. So you hold it for a little longer than 2 days, it's much safer than some of the junk that floating around.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
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posted
News out...confirmed $3.125/share....anyone have any ideas why this is going down? I mean from where it is now this is an easy 100% profit.
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