12-27-2012, 12:04 AM
Good clarification Tree. It surprises me how many people don't know or didn't recall the 27.5% option and DMO are not new topics at all. Both discussed 3 years ago.
While we haven't discussed the takeover, buyout issue much, I reiterate it's an option management and large institutional shareholders would not oppose if a "fair" price was offered. I don't know what "fair" is necessarily but I get the impression anything under $150 would not get serious consideration. That is based on $1.50ish sell down of E/A, Triceratops, PPL 236 and future prospects. They simply feel they would be giving away too much. Ironically, the lower pps increases the likelihood of a complete buyout.
While we haven't discussed the takeover, buyout issue much, I reiterate it's an option management and large institutional shareholders would not oppose if a "fair" price was offered. I don't know what "fair" is necessarily but I get the impression anything under $150 would not get serious consideration. That is based on $1.50ish sell down of E/A, Triceratops, PPL 236 and future prospects. They simply feel they would be giving away too much. Ironically, the lower pps increases the likelihood of a complete buyout.