I don't know where you get 5x from...
If a buyer offers the company $2.60/share today, you think the board of silex can reject an offer that is 100% of the current price? The price has been down at this level for a week plus now. The longer it stays here, the more "fair" a buyout price in the high $1 or low $2 range becomes.
Disclosure: I provide fairness opinions to public companies for deals like this all the time. If you really care, I can explain how the process works.
You know how many times the shareholders sue the board after the board accepts an offer that is well below most people's cost basis?....99.9%. You lose.
The only way you win is if the company can find another (higher) offer after they receive a low ball offer. Because I can tell you few boards will reject a 100% premium with no other offer on the table. It's a total breach of their fiduciary duty.
Make no mistake...this stock price is a horrible situation for long-term holders.
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Last
$4.36 |
Change
0.110(2.59%) |
Mkt cap ! $1.036B |
Open | High | Low | Value | Volume |
$4.28 | $4.39 | $4.18 | $1.733M | 403.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1329 | $4.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.36 | 4350 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 554 | 4.350 |
10 | 3035 | 4.340 |
12 | 8461 | 4.330 |
11 | 9905 | 4.320 |
9 | 12542 | 4.310 |
Price($) | Vol. | No. |
---|---|---|
4.360 | 4362 | 7 |
4.370 | 5221 | 11 |
4.380 | 10649 | 15 |
4.390 | 11672 | 15 |
4.400 | 8149 | 17 |
Last trade - 13.12pm 02/07/2025 (20 minute delay) ? |
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