Posted by chuanho > 2011-10-27 21:59 | Report Abuse

I think this offer seriously undervalues the company. more striking is the simple arithmetic of using offer price less the exercise price to value the warrant. This method of calculating the price of warrants completely ignores the time component or the time value. Investing is all about buying for future value and this method of calculating warrant value cannot be accepted and should not be approved.

Posted by Roseeu > 2011-10-28 08:35 | Report Abuse

Yeah, I totally agree, what about future earnings?, so convenient just to ignore it. Rejecting the offer is the only way to go, unless they give a better pricing.

Posted by mclim > 2011-11-22 07:36 | Report Abuse

another hanky panky take over

Posted by AREBEAR > 2011-11-22 08:21 | Report Abuse

AGREE;mclim another hanky panky take over