GREAT setup for a new bidder to succeed!

  1. 3,925 Posts.
    lightbulb Created with Sketch. 586
    What a great setup for a new bidder to emerge and then easily succeed with a bid.

    Firstly our Board sells the company just when we thought our problems were behind us and blue sky ahead.
    Secondly they agreed to only $1.28.
    Then, thirdly they agree to a reduced price of $1.24 because the bidder (CSC) says that's all UXC is worth.
    Fourthly, shareholders won't get docs for our vote for two months.

    So I think that a new bidder has an easy target, with a board that has lost credibility, a bidder which has effectively said $1.28 is too high, some time passed with no other bidders emerging, and with shareholders that are now thinking of a future without UXC holdings.

    Should any other company be interested in UXC, they could now certainly get it for under $1.30 IMO.

    Should such a potential bidder exist of course!

    Should two such potential bidders exist, then the price changes of course.

    DYOR
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.