Q: Hi, I still have 2000 shares of DND which I bought at much higher levels. With the yet again announcement of a another strategic review, would you sell 1/4 (or even 1/2) position into this mini rally...up approx 30% today vs yesterdays close. As we all know this stock has been a major disappointment for various/multiple reasons the last several years....yet once showed so much promise. I have reluctantly held on hoping/praying ;) for a buyout. What do you think a fair price might be in a buyout situation...around the $20 level? I thought that number was mentioned in a news release several weeks ago.
I suspect if the strategic review fails again, this stock will retreat back to the $7 range.
I recall you suggested a sell perhaps a year ago or so.
cheers....
I suspect if the strategic review fails again, this stock will retreat back to the $7 range.
I recall you suggested a sell perhaps a year ago or so.
cheers....
5i Research Answer:
There was a 'soft' $20 bid, but it was not official. Now, we think that number would be too...