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Post by vzveteran on Nov 11, 2015 18:27:57 GMT
Roland_bracken@yahoo.com
If anyone is interested Brackattack is tallying up share counts to get an idea of no tender support we have as a group. He asked that you send your totals to the email address above.
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Post by JHam on Nov 24, 2015 13:14:22 GMT
Roland_bracken@yahoo.com If anyone is interested Brackattack is tallying up share counts to get an idea of no tender support we have as a group. He asked that you send your totals to the email address above. Any idea how the share tabulation is going? With 50.1% of the current float (42,300,642) needed to be not tendered in order to block the buyout, OCAT shareholders will need to come up with a little over 21.1M untendered shares. Which is the equivalent to a fraction under $179M. I know there is a strong retail base, but is it possible to come up with that much? I haven't checked the institutional ownership recently, but I imagine most own under $8.50 and are not complaining about this deal. |
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Post by JHam on Nov 24, 2015 13:34:20 GMT
By the way someone correct me if any part of the above is incorrect.
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Post by iamwhatiam on Nov 24, 2015 14:10:40 GMT
By the way someone correct me if any part of the above is incorrect. At last check they had 16.07% or about 7.7 million shares with a "no" vote. |
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Post by imz72 on Nov 24, 2015 14:36:43 GMT
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Post by casualinvestor on Nov 24, 2015 14:50:15 GMT
I keep seeing talk about rallying the #s to force a "No" vote, but I can't get past the question, "To what end?"
The board has shown no interest in moving this company forward. They want out. If we nix the sale, I'm not seeing any evidence that they're going to kick things into gear and suddenly show some competence.
If we don't land other bids, what's the Plan B that I'm missing in all of this that makes a "No" vote a sound idea?
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