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30/07/18
08:45
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Originally posted by tuts
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If I don't accept then IMO the scenarios are:
1- Gina ups the price - I win.
2- Someone else (Twiggy) ups the price - I win, but if I sell now I will lose.
2- Twiggy and Gina continue to compete bidding - I win, I win.
3- No one bids further - Gina and Twiggy will have control of the company, BOD is a goner already - Let the good times roll - I win.
4- No one bids further - Gina AND Twiggy will let the company run down to the ground - hmmm, plausible but this scenario is highly unlikely (as discussed here extensively). Plus, it is also possible one of them would want to make this company BIG in this scenario - I win!
So, as investment in the stock market is ALL about risk and reward, I can see the risk is low the reward is high if I keep my shares, So, I WILL HOLD MY PRECIOUS ATLAS SHARES.
Logic tells me though that Gina will not up the price till near end business day next Friday (or perhaps even after market close) so she will get ALL the shares she can get at a low price of 4.2c in case Twiggy (or someone else) bids higher and she can't better that. Note - in this scenario if I sell my share, I will be THE BIGGEST LOSER - like those who sold on MIN's bid.
DYOR particularly on this one ... IMO if Gina gets over 50.1% I will have ample opportunity to still sell at 4.2c even after (at least 4 till 4 months after she bought her last share at 4.2. chances are once she gets to 50.1%, since there is no going back, she will do everything she can to get to 75% (to delist Atlas) then ... I win - because in that case 4.2c will be the worst scenario case!
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I revise my speculative prediction (i.e. IMO/DYOR) that Redstone/Gina will extend the offer period, likely at last minute end of the week, to ensure all those (IMO few) who would accept will have sent their acceptance, and after all mails artive at registry and she has accurate info on what percentage of shares she will get to, she will then do a calculation to up the price accordingly.
Again AIMO/DYOR.