Re: 500,000 shares traded in last half hour ... Carib
in response to
by
posted on
Mar 07, 2011 03:01PM
I don't think rumors of .85 cent paper offer from WTG have merit...it just wouldn't make sense at all.
I agree, 85 cents is simply grand theft.... The following quote from Carib at Stockigloo.com pretty much sums up how I see a WTG takeover. CMM shareholders should read this quote and really think hard about the ramifications to the inherent value in their CMM shares if a takeover is attempted....
Carib quote
"While some seem to think that a 1 for 3 share exchange equates to a $1.50 share price offer, I'd value such an offer at about 33 cents per share, because I don't think that WTG is worth more than a dollar."