1. $1.87 is sp floor.
2. UPside risk is (a) a potential increase in bid by TGP, and; (b) another bidder.
3. BoD seems biased, working "independently" for NXT = BAD.
4. Divvy threat (where is that written please) is playing hardball by AJD BoD, pro NXT. Could that mean NXT fears another bidder because $1.87 undervalues AJD regardless of AJD/NXT sponsored valuation?
5. Withdrawing NXT's bid at &PM 15 Sept. is a hollow negotiating threat by imposing a falsely intimidating deadline, "(unless withdrawn or EXTENDED)." Caps mine.
6. More hardball by dribbling out key valuation information by TGP. NOT in shareholder's interests, just NXT's.
7. TGP will decide this week on its position: (i)Take the profit $1.87 offers in a growing, future oriented business. (ii) Up the offer to either, a) t/0; b) keep in the game; c) position for another offer... and; (iii) NXT is orchestrating a bid to undervalue AJD -- and it's NOT working.
With a $1.87 hard floor I'm sitting here without stress. If the bid fails, the sp drops some, I'll BTFD.
OV
AJD Price at posting:
$1.88 Sentiment: Buy Disclosure: Held
