news items that are obtained back door are seldom right. the last few Anns stated new investors. the lenght of time would indicate there is more than one player. the story leaked while in suspension would say some thing for its intention. as it will not affect trading.
comments made that this is not a positive for Kar and that we get money but lost the asset is rather stupid.
we should sit on an asset and not have cash to move on and prove other assets.
We are in the business of doing exactly what we are doing. find and sell deposits, retain some skin in the asset and move on.
A Company that has assets and no debt is hardly desperate.
its been shorted and its going back the opposite way. to what level depends on the final deal.
but to say there will not be a spike up is safe to say as you are covered by a definition of how much value is a spike. how long is a piece of string.
there are 3 forces that will drive it up.
The deal the shorters covering and the retailers jumping on to get this back to the level it should be.
KAR Price at posting:
$2.46 Sentiment: Hold Disclosure: Held
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