Dec. 7 at 3:43 AM
$CHR 🍀🍀🍀🍀🍀🍀🍀🍀🍀🍀
I can see another offer could be coming for 60 cents+/share. Why? The supermajority owner, ‘Private Investors’ bought 187,500,000 for
$15 million giving them 2/3rds ownership. And that was VERY intentional. If they offer 60 cents/sh for the other roughly 89,000,000 shares or
$53 million, they own this profitable company for around
$68 million…..a company with
$220 million IN CASH.
They buy the company and get cash back. And as supermajority owner, they can reject other lower offers, but likely don’t want to invite trouble, therefore the higher 60 cents+ offer.
Could this then turn into a bidding war?
$1/share?
$2/share? ABSOLUTELY. Yes, they can buy shares cheap now and perhaps they are…….but that doesn’t buy you the company. And what do they do after they buy the company? They sell it.
🍀🍀🍀🍀🍀🍀🍀🍀🍀
