To answer that question fuels speculation and to dodge the question with some veiled comments also fuels speculation. In effect, it is a lose-lose scenario since we do not want to appear like spammers or pump/dump scammers.
So before answering the question, I would like to you to know up front that our Radarview readers and our own portfolio are already seeded with CFMT and other company shares that we believe will be part of a 3-way dance, as we see it. We have everything to gain by having these stocks rise in stock valuation. I can also state that I believe a vast majority of the positions taken occurred in advance of these high volume trading sessions such that they shares that are part of the recent trading sessions are not us. Finally, I probably own the most expensive shares in the group since I have a tendency to enter a bit earlier than most. While I am barely in the black, other are sitting on 20% gains<GGG>.
I want to make this extremely clear that I believe a vast majority of the readers were positioned well in advance of the recent activity. With that said, I think a price of $12-$14 is achievable but this price range also represents a very pathetic takeout price.
Based on the enabling technology that CFMT provides, the acquisition target price deserves to be higher. Anything below $15 is really a slap in the face of long time shareholders and undervalues the company. however, given the market environment, and the games that are being played, I cannot expect an offer in excess of $14.
However, the 3-way dance I am alluding to gives us the opportunity to eventually see close to $20-$24 per share if things go according to our expectations. Some of that extra value will come from share appreciation and subsequent purchase premium relating to the other 2 players in the 3-way dance.
All of this is pure speculation on our part but we believe we have a compelling explanation for the events when they unfold.
And on a bright side, today makes the 5th consecutive day of 100K+ trading volumes for CFMT, which has only seen these volumes 12 or less times since the beginning of this year. Prior to this, we only had a 3 day consecutive stretch where CFMT traded above 100K shares.
Also very interesting is that for the first time in those 5 days, CFMT actually moved up in price. Whether this is the straw that finally broke the camel's back and the "manipulators" could not longer keep price contained at that level, or thew game is about to begin.
In Radarview, we have a 25 trading session countdown to performance. After the countdown is completed we will either be extremely pleased with the results or we will have some clear direction as to the future of this company.
Andrew
BTW- I would probably like to discuss this via private email such that it does not stoke any speculative fires on these message boards. We have nothing to hide but we are convinced that these boards can influence the price of a stock that does not trade exceptionally high volumes. |
