We all need to step back and review here. Let's calm down and think rationally.
The stock is trading at .61,,,,,right?
What is the 30 dma ?
how in the world can WTG get the votes for a deal when there is no skin in this game for the people who vote? This deal is already dead and WTG and CMM management know it! The Market is screaming it out at the top of its lungs! 2/3 of the minority votes won't be there with a sp going lower and below the 30 day average.
The only alternative is to sweeten the deal with a share and cash offer or walk away from the table. It doesn't even matter anymore if there is a white knight. This is a buy....imo....simply on the fact they have to up this bid. My guess is they will come in with half cash / half shares if the sp doesn't recover to the mid 70's. They need the open market to value this above a dollar in order to make this work. That means a continuous trading pattern above a dollar...................if not, they are walking!
Keep in mind that you can always file as a dissenting shareholder and demand cash. Provided less than 5% of shareholders do so then they have to pay you in cash. Most people don't want to go through the aggravation of filing but it can be worth it.
jmo....carry
