Micheal,
When they proposed the merger few months ago, ANMR was 0.25 and MAMO was 1.00. That was 1 : 4. That is why they proposed MAMO will get 40.0% of their shares, after ANMR reverse split. That was fair to both stockholders.
(A)If I bought $1000.00 of ANMR at 0.25 I would get 4000 shares, after reverse split, my total shares will be 400 shares at $2.50 and my worth will be 400 X 2.5 = $1000.00.
(B)You bought $1000.00 of MAMO at 1.00 you would get 1000 shares, after merger you will get 0.40 of your 1000 shares at ANMR reverse split price, that is 0.40 X 1000 = 400 shares, then your worth will be 400 X 2.5 = $1000.00.
So both you and me still have our $1000.00.
Since then both ANMR and MAMO were going up/down. Sometime 1 : 3, sometime 1 : 3.8, sometime back to 1 : 4. Who know what the prices will be on the merger approval day, It may be at 1 : 5 ! Then ANMR will get a good deal on the backs of MAMO stockholders !!
I had 80% of ANMR and 20% of MAMO couple of months ago, every time ANMR : MAMO got down to 1 : 3, I bought more MAMO, now I have 49% ANMR and 51% MAMO, now I don't care X : Y , either way I will be O.K.
If everybody think MAMO is a bargain compare to ANMR at this time, and they start put in their BUY order, may be in few days, the ratio will become 1 : 5 !! Then ANMR will be a bargain !!
For me 49%ANMR and 51%MAMO, who care !!
I will be watching you guys, ha ha ha
Regards
Roland
geocities.com
PS/ How are you guys doing ? I lose over $18,000 already on this crash !!!!!!!!! |
