This is turning into a cat fight, PRK say one thing and VBA say the opposite. This is making BOTH organisations look stupid, one of these organisations is going to look very stupid at the end of all this.
The interesting question is this, what is Mr Branson going to do, according to the Financial Review yesterday he has three options:
1 Sell Out
2 Buy Out PRK
3 Bunker down for a fight
The next question is, who is buying up all the stock? PRK or the Virgin Group………
I would have to say that PRK could be left looking stupid, why, well they made the bid at $1.90, whilst the market was closed and without the knowledge of the Virgin Group. The current PRK share price is not that great and the news of the bid was not taken well by the shareholders. The last point is what the Fat Man (Mr Rivkin) say’s the first offer is NEVER the last.
Anybody else have some thoughts on this?
big buyers , page-8
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