Londoner: "You need to look at where ISF sp has fallen from and to suggest a takeover offer at 2 times current share price is not exactly challenging."
Too right. On top of that, Cohen would not be the only one receiving margin calls. Those calls created pressure on the selling side driving the price down. In the process creating opportunities for the buyers.
Another matter relating the T/O market whispers where "iSOFT is said to have already received a few very informal approaches." (AFR 2/7/10)
How long before Cohen & Co will have to come clean and start practicing some timely disclosure of price sensitive information / keeping the market informed / continuos disclosure etc. etc. (listing rule 3.1)
Even the cab drivers, hearing the finer details driving to and from the airports, are talking "hot cabbie tip" at the cab ranks.
Let the dance begin - music please
ISF Price at posting:
17.0¢ Sentiment: None Disclosure: Held