posted
I would think that at some point here the MM's will flip the switch and we will see it fly. But than again I'm not rich so what do I know.
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quote:Originally posted by doling2005: After reading the press release in detail, it appears that if this deal goes through the stock holders get nothing. I'm out. glta
yea, i noticed that a couple minutes ago.. doesn't sound very good afterall. but who knows. companies can have much worse problems and still make nice gains.
that's why i only bought 4k share of this. just in case it does do something good.
-------------------- Hindsight is 20:1. It's like printing money.
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I'm not in this play but ya gotta give more info Doling. That doesn't make sense.
Are you saying the stock ceases to trade?
Or are you saying that it won't affect share price other than the fact that a more stable entity will now be in control?
Specifics buddy!... before you cause an undue panic.
BF
"Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction."
-------------------- Hindsight is 20:1. It's like printing money.
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I'm not in this play but ya gotta give more info Doling. That doesn't make sense.
Are you saying the stock ceases to trade?
Or are you saying that it won't affect share price other than the fact that a more stable entity will now be in control?
Specifics buddy!... before you cause an undue panic.
Following the closing of the acquisition, the Company will retain certain liabilities owed to creditors; however, Exabyte is not expected to have any significant assets remaining for the payment of these obligations. In addition, subsequent to closing there will be no assets available for distribution to holders of the Company's Series AA preferred stock or its common stock. Exabyte intends to liquidate and dissolve immediately after the closing of the transaction.
posted
The company is going to dissolve. Buyers coming in now are be betting the deal won't go through and if they are right, the stock will bounce big
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