"Anyway, why not be open with regard to the terms of the placement?"
David,
IMHO, again from pure speculation, if CTXS (and a viable private source of funds) were raising cash for purchase of another company, it makes all the sense in the world to keep this a secret. This is to avoid running up the price of the target. If they plan on purchasing a company, I'm hoping it's not a hardware company.
Or if someone is wanting to purchase a chunk of CTXS, then they wouldn't want their plans broadcast either. If it was broadcast, CTXS shares would soon be out of reach for them to add to their position. I know this is quite dubious for lot's of reasons, but I was just throwing it out for speculation only.
I'm not concerned about either scenario above (except if it's a hardware purchase). My only concern was the downgrade by AG Edwards. Generally speaking, analyst have access to information the average investor does not. Kind of strange how this downgrade happened after the convertible issue was announced.
MikeM(From Florida)
PS CNBC is doing a story right now on convertibles and lead off with CTXS being mentioned. Here is what they said, blah, blah, blah,.... mostly nothing important.... but the guy did throw in that sometimes venture capital groups can't buy the stock because of restrictions (??) and they buy an interest via a convertible. He was guessing worse than me (IMHO). |
