Record volume today already, need just ~15,000 more to reach first 100K day.
The advantage of waiting a year are two fold. First, it gives the company the time to get more value for each share without worrying about it evaporating. Second, most people can't imagine the stock being as low as $1 a year from now unless everything falls apart (which is what was being assumed up until two days ago anyway).
The upside is more attractive IMO, lots of good (better) things can happen in one year with regards to BANY, revenue, profitability, another offering, new investments, new websites, anyCoffee IPO, better overall management, and most importantly credibility. Credibility is getting a big boost right now, but a year from now ANYi could be a legitimate over $10 company. It may also become a far more attractive takeover target.
The way I see it, management is targeting a stock price of ~$7.50 with the $15 two share deal. Seems fair to me. This also makes it more attractive for the rights dividend that was to allow shareholder to get more rights for $7, which I am still planning to do, if for nothing other than the possible anyCoffee shares.
I imagine this will all be discussed on the CCall, until then it may be a buyers market for ANYI. If the float on ANYI is less than 200,000 shares, we've already traded half of that amount today. If word of ANYI's value and its current under priced condition get out, it could be back to $7 in a matter of days, or even hours.
Like others, I'm also waiting to see what kind of pop ANY gets when the BANY thing to gets resolved. |
