(NewKidCo Holdings LLC will also receive warrants
to acquire up to 4,000,000 shares of SoftQuad
International stock at prices ranging from $1.50
(U.S.) to $4.00 (U.S.) )
Saw 10,000 shares change hands at 23/32 yesterday,
ask 13/16...It was all I could do to keep from picking
up some more. But I have enough I guess, it's funny,
whenever they do a news release the ask pops right back
to a buck. You pay a little premium to buy on days where
there is news, and the price always seems to be cheap
the day before...my imagination?--I don't think so.
Hope Elmo rakes it in for them--and that they don't
sell off Hotmetal and the xml code too cheap. I would
have thought that the xml experience would have given
them some special insights and the potential to perhaps
build a killer app. But they seem to be taking a more
conservative strategy. I guess one possibility is that
somebody came along an made an offer for the whole schmeal,
but they didn't want to give up NewKid and Alpha, just when
things are beginning to spin up.
Hehe, at first I thought this I'd just hang on to this
on the expectation of a buyout or a pre-holidy pop because
of the playstation titles, maybe get out around $2 (in at
$1), but now I'm starting to get the idea that this is
going to be a viable business a few years down the road,
and I guess with the NewKid warrants as high as $4 (U.S.)
there is some enthusiasm over there as well.
You know we still have not heard much about the meeting,
did I miss a post? |
