Hi Cass, you are never going to please everyone and that is why no matter what the final result is, there are going to be some who will be happy and some who will be dissapointed. For example:
- Those who bought in at 8c, are probably going to be satisfied with a final offer of somewhere between 50c and 65c. Whereas those who bought in at 50c or 60c would be dissapointed with such an offer.
- Those who invested a lot of money early on looking for larger percentage gains of 50% or 100% are probably going to be satisfied with an offer of 50 to 65c, where as those who invested smaller amounts of money hoping that the stock would triple, quadruple, or even return 1000% gains and provide ongoing dividends in years to come are going to dissapointed with such an offer.
No matter what happens, the board is never going to completely satisfy everyone. And whether a person is satisfied or dissapointed depends on what their average purchase price is, how heavy they went in and what their initial expectations were.
For me personally, I would be content with an offer somewhere between 50c and 65c, if for nothing else but to just put me out of my misery and force me to secure a profit in these uncertain times.
Anywhere between 66c and 80c would be a bonus for me, and anywhere 80c+ would be out of this world, although unlikely in my book.
With that said, I am sure that there will be plenty who will dissagree with me, as they have different purchase prices and expectations.
Best not to listen to me though, because as I am sure Yacheng will clarify, I am just a story teller.
SDL Price at posting:
43.0¢ Sentiment: None Disclosure: Held