takeover, page-6

Like many holders of EKA. The ADI takeover is still fresh in my memory.

Clearly it is a sound strategy of AUT management to place an initial low-ball T/O offer at $0.45, knowing full well that traders, and more importantly, large institutions can throw money at EKA above the T/O price, but probably no higher than $0.48, then simply wait for the higher offer which will come either end of the month, or next month. The traders are happy, the Insto's are happy - quick %10-%15 gain for 1-2 months work.

That way, both the holders and Institutions get the July 1st Tax advantage as well as increased offer (in that it does not count for the 2011-2012 year).

Of course, there were difference between the ADI and now EKA takeover. AWE already had %20 of ADI.

What really makes it clear to me that a higher offer will come, is AUT could not find any major holders to use as their 'Carrot' saying here is ***Bank - already agreeing to accept the deal with their %12 of the stock etc etc.

All just thoughts while this slow day at my work continues.
Lastly - I am a holder of both AUT and EKA. So... for me it matters little.. but if I was just an EKA shareholder, well, I would be at least a bit frustrated, as EKA clearly is worth more than $0.45. But, then find me a small cap oiler that is fairly priced right now?