Sometimes I feel that I am in Alice in Wonderland.
The Chinese entity would have offered at least $.50 for the entire company and we could have taken our 100% gain and invested the profits where we wanted. How do I know they would have offered at least $.50 for the entire company? We know they offered $80 million for Zara plus up to $20 million for surrounding land or $100 million in total. If they bought the company outright, they would also be entitled to the $40 million in cash that Chalice will have once they receive the payment. That is $140 million or $.56/share. They would also get Mogoraib for free.
The Chinese would have offered at least $.50/share on a take out if management would have been interested in selling the entire company. They would have been stupid not to (the math says so).
So as a result, shareholders lose and management wins. If you can live with that injustice, good for you. I care about my investments and know when I have been had - shame on me.
stateside
Sometimes I feel that I am in Alice in Wonderland.The Chinese...
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Last
$1.58 |
Change
0.155(10.9%) |
Mkt cap ! $612.6M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.58 | $1.45 | $5.999M | 3.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31744 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 12530 | 3 |
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