Re: My prediction on Price of CMM S/P after Merge!!!
in response to
by
posted on
Apr 02, 2011 01:43PM
4retire, IMHO if this merger goes through as is i do not think any one can/will hold the share price at a level of $ 1.50, why i say this is there will be a large float and to control that float would cost alot of money. At the point after the merger there will be no reason for the powers to spend any money on control because they will have the gold on the cheap.They will stand by and watch retail run for the hills and the share price will take a beating as a result. The way i see it, it will result in at least a 20% loss for me, and could dip to a 30-40-50% loss with some manipulation to motivate the weak hands to lock in a loss. So i see this like alot here, this deal cannot go through as is. I suggest that if we cannot change the deal for the better of retail that we as a group file enough shares as dissident to stop the merger and take our chances without this merger with what the market says. This is all just my humble opinnion and i will act with what the group wants. We have a diamond in the rough with CMM one day it will be polished i would like to be here for that day. I have an open mind and can see many posible outcomes but they have to be better than the one in front of us at this point in time, things can and do change over night hopefully for the betterment of retail.