re: Ann: Binding Cash Offer Received for West... a stinker?a...

re: Ann: Binding Cash Offer Received for West... a stinker?

a binding cash agreement which values a portion of our tennaments at nearly double the current market capitalisation of the company is not relevent to shareholders?

$13M / 160,000,000 shares (approx) = $.08125 cps

so thats .08125 cps + the worth of COY's other tennements.

for this instance, lets say COYS other tennements are worth nothing (which whey aren't)

SP before the announcement was made $.04

$.08125 compared to $.04 cents

if cash was distributed would be a 203% return if you bought prior to announcement.

seriously think the offer was a stinker?

i would have taken it!!!