General Magic Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : General Magic

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rangle who wrote (7850)	1/30/2000 2:14:00 PM
From: Seconds Out	of 10081

I received the tender offer . It is basically an option to buy at the $9 price on February 18th, with no obligation to buy. It is meaningless, imho, because they have no obligation to purchase the stock (if the stock is below $9 on that date as one obvious reason). Anyone who accepts is a fool, because it is a one sided deal that can only hurt you if the stock is above $9 on February 18th. The question is, why are they even doing it? Is it tied to options expirations? Are they just taking a shot at suckering some out of there stock if a big deal hits by then? Do they have a lot of stock already and are trying to drive the price up? Is that even legal? Seconds Out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next