For the record
posted on
Apr 19, 2011 08:00PM
I bought on the news and runup and was expecting CMM to aproach somewhere near the implied price.
I am of the opinion that it is the shareholders themselves that have driven potential shareholders away and has resulted in the meltdown of CMM share price.
If this asset is as viable as most of the against group imply, then why was CMM in such financial trouble and why did the managment sell out the company to WTG.
If the value was so good then WTG should also refect this value and hold it's value.
I bought CMM thinking that this event would be the one to propell CMM forward, but it apears it is the event that will lead to the bankrupting of the company....JMHO
If CMM had risen to 40% of the WTG price would the group still be against the takeover? or would that be a proper valuation of CMM and all would be bashing it down as is implied on both SH and Angry com.