'ArtM72' pid='56364' datel Wrote:I'm not exactly sure how badly this company has messed up. After all, the Muddy Waters allegations have been proven wrong and I haven't seen an instance yet where short attacks on small cap stocks like this have been thwarted. The reverse merger is something else again but no one appears to know how that will end up. Meanwhile the business seems to continue to build. What is the investment thesis for those promoting privatization? Are we talking quick short term gain (aka flipping) of something more substantive?
The investment thesis for privatization? Are you seriously asking that question.
1. Provided the deal with Bison had the funding it should have been accepted, in light of not providing any path to exceed that valuation or get back to normal. This is not a normal situation where they just report earnings and all of the sudden everyone is happy. The company has morons making decisions.
2. They are disliked by shareholders and shortsellers alike, therefore, the only logical conclusion is to take it private. Most investors want this, I would wager to say 90+% want this, because expecting them to suddenly become shareholder friendly is like finding a pot of gold on the end of a rainbow.
They are not cut out for being a public company in the U.S. nor are they striving for it, so the only conclusion is going private, like it was last year, and like it was while they were dealing with MW. There were lots of people on here who kept saying it's a great company and this and that, and no way to go private, and look at where it got us. This is a crisis of confidence as well as a displeasure with the management style and team. Strategically it makes sense for them to go private, even around $9.80 if not 9.80 anymore, that is a fact jack!