SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joe Copia who wrote (511)9/16/1998 10:44:00 AM
From: Dave Gore  Read Replies (1) of 1637
 
Joe et al,

I have followed ROTI and ROTIP's very closely from the beginning of the potential merger. I got out at 75 cents after I found out about the time involved in the shareholder vote to approve the merger and the possibility of a R/S to get the stock price back above $1.00 to stay listed on NASDAQ. SI investors and others HATE delays in anything, right? So I knew it would be dead money at best.

I have not followed this stock lately but once the shareholders approve the merger (sson?), I will look at it again. If an R/S is necessary to stay listed, the time to buy might be sometime after the vote.

I DO like this stock and the Tanner merger is a very healthy thing for the stock, but the R/S and the delays were a dark cloud. I am not sure which is better... to do the R/S, so the stock stays listed on NASDAQ (at least if it holds above $1.00 after the R/S) or to get delisted from NASDAQ and have the stock go to the BB:OTC. I almost favor the latter.

I have been meaning to revisit this stock and see where we are! Anybody know? Vote date? Latest on R/S possibilities? If not, I will check it out. Time for me to call Bill Gallagher or Clyde Culp anyway.

Bottom line is the stock SHOULD HAVE GONE over $1.00 on the merger news. The deal with Tanner's Restaurants is exciting and Clyde Culp's dozen or so restaurants are very profitable, and he himself has an incredible resume and has been very successful at everything he has done (largest Wendy's franchise, former CEO Long John Silver's, etc.).

But apparently not enough investors were excited and many are waiting for the proxy vote....which I assume should be soon.

Let's watch this and decide.

Dave
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News