I don't know where you get 5x from...
If a buyer offers the company $2.60/share today, you think the board of silex can reject an offer that is 100% of the current price? The price has been down at this level for a week plus now. The longer it stays here, the more "fair" a buyout price in the high $1 or low $2 range becomes.
Disclosure: I provide fairness opinions to public companies for deals like this all the time. If you really care, I can explain how the process works.
You know how many times the shareholders sue the board after the board accepts an offer that is well below most people's cost basis?....99.9%. You lose.
The only way you win is if the company can find another (higher) offer after they receive a low ball offer. Because I can tell you few boards will reject a 100% premium with no other offer on the table. It's a total breach of their fiduciary duty.
Make no mistake...this stock price is a horrible situation for long-term holders.
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$4.25

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Last
$4.25 |
Change
0.030(0.71%) |
Mkt cap ! $1.011B |
Open | High | Low | Value | Volume |
$4.21 | $4.38 | $4.18 | $2.661M | 622.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4284 | $4.24 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.30 | 150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4284 | 4.240 |
1 | 3109 | 4.230 |
2 | 14985 | 4.210 |
1 | 500 | 4.200 |
1 | 3109 | 4.190 |
Price($) | Vol. | No. |
---|---|---|
4.300 | 150 | 1 |
4.310 | 6500 | 1 |
4.330 | 4409 | 2 |
4.340 | 3215 | 2 |
4.360 | 3109 | 1 |
Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
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AFT PHARMACEUTICALS LIMITED
Dr. Hartley Atkinson, MD
Dr. Hartley Atkinson
MD
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