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High risk/high reward
offering $3/share to take co private. Stock @ $1.75-->70%
. Needs to secure debt financing
If we hold, will it automatically sell at $3? If not, what price will you sell?
This is a VERY risky deal based on a lot of contingencies. Please read news release:
Invest with mad money only...
...and hold until an offer is accepted or rejected. That's my take on it. If the deal should fail, you could lose a lot.
Ty very much
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