re: packer in ecorp clean-up, afr article
If we minnows bought on the basis of blue sky - how could anyone sell out now ?
Its a joke - the stock at best is worth 0.85 based on 150 million in cash - these are OUR assets as owners of ECP. Lets not be pushed around by PBL.
Once ECP makes profits which, if you exclude the crap about the next gen hotmail service smokescreen - would probably be now.
This "funding for next gen " microsoft services has artifically kept the ebit down and the price depressed, afterall only 24% is floating. Thus, internally ECP can keep the price low.
Also, as this is an announcement driven stock, no acquisiton or buy back creates a black hole of info and again no share movements.
Finally, The executive and staff options - are these being adjusted to lower values to allow ECP staff to cash in ?
If that is the case, ORD holders capital will be diluted.
