Relax Shivram. Read the 13D yourself. I think you will feel better about the deal.
The situation with this stock is not that complicated. For years the company has been chronically and severely devalued because of the perceived and/or actual incompetence of the management. And for years the management either refused to admit that or, if they did, to do anything about it. It is a hard thing to admit that you are the problem. But to their credit, they have done so, not by words, but by actions.
That is what this agreement is ALL about. It DIRECTLY addresses this problem and commits the company to getting it, or at least the best part of it, into the hands of quality, respected management. This is what the institutions have demanded before they would ever invest in this company. Until now, "institutional support" has been a contradiction in terms. IMO, it is NOT a coincidence that institutional buying did not occur until AFTER this agreement was signed.
Again to their credit, the present FIBR management has set itself on an path to correcting this most fundamental flaw in the company. IMO, it is totally understandable then why this should have been so positive to the share price. And as long as they stay on this path, it should continue to be positive.
You can expect the shorts to continue to attack the company and it's associates. But IMO, these will only result in temporary setbacks. You can even use them to your advantage. But take your time and think well before you take any action.
Dennis |
