Very interesting to have an announcement like that and to still be in a trading halt, I would have thought that any announcement by the company would constitute a stop to that trading halt. This does imply that this is not the transaction that NDO is working on and just happens to be an opportunistic sale/purchase with the parcel being below the mandatory 20% let your intentions be known. I would add that a takeover is normally at a 33% premium to VWAP of 90 days and therefore if this is the intention the board should consider it.
Anyway I'm stoked with this as it represents a healthy premium to the stock when it opens, not to mention any takeover premium the stock may attract above this.
I will be holding on until more is known as fair value is definitely higher than this and I would say >7 CENTS.
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Very interesting to have an announcement like that and to still...
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