re: Ann: Binding Cash Offer Received for West...
a stinker?
a binding cash agreement which values a portion of our tennaments at nearly double the current market capitalisation of the company is not relevent to shareholders?
$13M / 160,000,000 shares (approx) = $.08125 cps
so thats .08125 cps + the worth of COY's other tennements.
for this instance, lets say COYS other tennements are worth nothing (which whey aren't)
SP before the announcement was made $.04
$.08125 compared to $.04 cents
if cash was distributed would be a 203% return if you bought prior to announcement.
seriously think the offer was a stinker?
i would have taken it!!!
COY Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held
