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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (7342)1/31/1999 10:16:00 PM
From: SAMOA1  Read Replies (1) | Respond to of 8359
 
An offer can come in anytime, just remember that. Tomorrow someone may want to pay $20 a share for ABTX.



To: LTK007 who wrote (7342)1/31/1999 10:43:00 PM
From: lawrence lerner  Respond to of 8359
 
"...never have a clue who they are talking to.Max90"

I think that works both ways, doesn't it?



To: LTK007 who wrote (7342)1/31/1999 11:59:00 PM
From: StilKrazy  Read Replies (2) | Respond to of 8359
 
The Filing Files

I'm sorry you got so upset by the way I brought attention to your grand leap of faith. You don't like it when ABT's management plays fast and loose with the facts, but it doesn't deter you, not only from doing the same, but also taking an offensively defensive position when confronted on it.

I'll try to remember to throw soft balls your way in the future, rather than risk your calling me a "creep" because of the way I brought attention to what I believe is an unfair, unwarranted and indefensible distortion, regardless of the motivation upon which it teeters.

There remains nothing in the recent filing that suggests that there were no serious buyers. Nothing. Suspending their search for an equity partner is in no way equivalent to having received zero offers. If this is the section of the filing that motivated your conclusion, then you're looking in the wrong place. For example (and this is not necessarily my opinion), suspending the search for an equity partner may be necessary in order to concentrate resources on consolidation of acquisitions, informally continuing negotiations with one or more buyer, or both. In other words, if there IS a serious buyer lingering, then the obvious move would be to suspend the search for a buyin. This may also be the only way the company can "report" such information without breaking a confidentiality contract. But, as is my point, this is only one of many possible scenarios that can be supported by the filing; the conclusion that the filing indicates there were never any buyers, IMO, cannot.

It's none of my business, and it's obviously your right to believe whatever you will. But you forfeit the same credibility you clamor for when you choose to take publicly filed information and report it as something quite other than it is.

Call me Krazy, but I believe this stock has suffered enough harmful speculation and outright distortion. After all we've been through, serious investors in this stock will, IMO, not settle for anything other than solid facts. "Reading (things) between the lines" that were never written benefits no one and adds to the confusion.

The recent craze seems to be to rush to the most negative possible conclusion whenever a bit of news rears its naive head.

"Soros is selling (surprise!)! There must be something wrong!"
"Another lawsuit!"
"How are they gonna pay their debt?!"
"ABT expects shitty earnings this quarter! Should I sell now?!"

The list seems endless, and that's only one of many reasons I can think of that may explain why ABT hasn't publicly and explicitly announced any of the terms of what may be ongoing negotiations. I read nothing in the filing that that precludes this from being the case.