Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Develcon T.DLC Why sudden rise? -- Ignore unavailable to you. Want to Upgrade?

To: Rockwell who wrote (23)	3/22/1999 5:16:00 PM
From: steve gilchrist	Read Replies (1) \| Respond to of 34

I'm a little confused. Develcon has agreed to be bought by Vianet for a nickel a share, which I thought was ridiculous to the point of being criminal; yet for several weeks after the announcement people are still buying its shares for 3 and 4 times that fire sale price. What gives? Is it still a possibility that Develcon can restructure the deal and reprice the shares, or are buyers betting on the likelihood that shareholders will refuse to ratify the deal? Do we still have that option? Steve G>)