morely
You are correct it would definately be seen as insider trading, that is why I believe the more likely senario is taht they are trying to buy the business themselves. You could be right about the funding I hadn't thought about that and is probably more realsitic than negotiating a price with the major shareholder as they have technically flagged the price already.
As for camden55 I can understand your frustration. What may explain the situation is exactly the point above, they haven't got the finances in place for a full takeover. they may be finding it difficult because CPI themselves are carrying a reasonable amount of debt and if Octavium need to borrow to take out the business thats a lot of debt on top to get accross the line with the banks.
The reason possibley for not doing the deal at the 35c is so they aren't caught witha significant chuck of shares in a company that is reasonably illiquid. Spending only $150k on the options is cheaper than trying to clear $1.33m of shares in an illiquid company.
elvis
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