Edward,
Sorry to hear about the bath you took on your RRSP.
Has anyone noticed if a particular house is buying up the stock on the cheap after the announcement? Something just doesn't smell right -- this is a golden opportunity to accumulate ownership in this technology. Wonder if Olympus will let the shareholders decide on a merger, instead of management.
During today's teleconference, I asked if the topic of a merger had ever surfaced in the past. The response I got was that Xillix had no interest -- they wanted to remain a small, adaptive technology company, not a marketing and distribution company. A merger was not in their cards, rather a partnership. With 70% of the market, Olympus at the time appeared to be the perfect match for their objectives.
This thread for some time has had some serious reservations about Olympus. From their point of view, a merger makes good sence for them to acquire the technology and incorporate them into their product line. I guess what we saw today is another way around it, unethical as it may be.
Good luck to all. Perhaps something positive will be generated from today's news.
Regards,
Garry
By the way, the company says they have roughly 14 month of cash available if they continue their burn rate at $500,000/month. This will buy a little time. |
