Dec. 9 at 8:26 PM
$SNCR seems like there are 1 million shares missing from the equity cash offer price of
$116MM at
$9 a share (which equals 12.8MM shares versus current fully diluted shares of 11.4MM. my guess is that 1.4MM delta is shares that automatically become payable to exeutives. If so, they now making away with
$12.6MM in stockholder cash, to accept the deal. these guys deserve nothing for this. whats worse, suing to stop the steal and pay
$7MM or just take it up the pooper one more time!