Q: Hi 5i,
Well, FRII sure proves that patience is a virtue, if holding on to a stock that lost 90% of its value almost immediately after it was purchased long enough (years, in fact) for it to recover 25% of the value that it lost can be considered virtuous!
Seriously though, I'm very glad to see that FRII is finally being bought as I've hoped it would be for years now (no matter that its being bought very cheap compared to what it was once thought to be worth) and I'm going to get at least some of my long-departed money back. My question is whether there is any possibility that the $2.30 / share it's apparently going for might possibly rise, or is that likely all there is? I ask because I don't really know how these things work and wonder if the public facing statements about the sale might cause another suitor to step forward with a higher offer. Or is there any likelihood that a shareholder with enough clout to object might say no to the money currently on the table and compel a different outcome?
Thanks for your thoughts 5i,
Peter
Well, FRII sure proves that patience is a virtue, if holding on to a stock that lost 90% of its value almost immediately after it was purchased long enough (years, in fact) for it to recover 25% of the value that it lost can be considered virtuous!
Seriously though, I'm very glad to see that FRII is finally being bought as I've hoped it would be for years now (no matter that its being bought very cheap compared to what it was once thought to be worth) and I'm going to get at least some of my long-departed money back. My question is whether there is any possibility that the $2.30 / share it's apparently going for might possibly rise, or is that likely all there is? I ask because I don't really know how these things work and wonder if the public facing statements about the sale might cause another suitor to step forward with a higher offer. Or is there any likelihood that a shareholder with enough clout to object might say no to the money currently on the table and compel a different outcome?
Thanks for your thoughts 5i,
Peter