RG lobs a super cheap offer he knows the BOARD will reject, keeps the board looking like they are doing their job, great. Then ups the offer, 1 miserable cent above the bottom of the Independents Expert Valuation Range, then the board fall all over themselves recommending to accept the undervalued offer, they all sellout their holdings even though some were actively buying at way above the offer price very recently to the offer date (Refer Carmen Chuas purchase history), only to all take loses post offer, then crickets.
Picture this fictional scenario, if a big fish came in and offered RG say $1.50 per share right now for his entire holding would he accept, I would say no he would NOT, he would say that it undervalues the company and its potential growth. So this is where I and other holders sit. 0.84 is not acceptable after we have seen the bottom and are about to see the fruits of capital expenditures.
PGH Price at posting:
84.0¢ Sentiment: Hold Disclosure: Held
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.
(20min delay)