Maybe Pentax is planning a private offer to Sparx at a the same or higher price than Hoya. (Blackmail is such a dirty word).
John Forbes wrote: > If they buy back more of their stock, Sparxx will be left with a larger > percentage of the total that remains. > > I doubt if that is what Pentax wants. > > John > > On Thu, 10 May 2007 11:15:17 +0100, Paul Stenquist > <[EMAIL PROTECTED]> wrote: > > >> Buying back your stock is seen as a healthy move by most long term >> investors. And it generally results in an increase in share value. >> Paul >> On May 10, 2007, at 12:37 AM, [EMAIL PROTECTED] wrote: >> >> >>> In a message dated 5/9/2007 8:28:53 P.M. Pacific Daylight Time, >>> [EMAIL PROTECTED] writes: >>> This thought may have been offered as I've only looked at a few of >>> these posts. It may be that Pentax is taking the same route as many >>> have and that's selling certain assets to generate cash in order to >>> control more of their stock, thereby hoping to fend off a hostile buy >>> out, in this case, by Hoya.(??) >>> >>> Jack >>> >>> ========== >>> Well, that's possible. But, if so, it's a real desperation move. >>> It would >>> mean they are seriously pressed and this may not come out the way >>> people would >>> like. I think it much more likely they are decreasing debit to be >>> more >>> profitable. There are to ways to affect the bottom line: 1. sell >>> more 2. decrease >>> debit. >>> >>> I would like to think they are that rather than being so desperate >>> to buy >>> more stock and the only raise the money to buy more stock is by >>> selling HQ. On >>> the decreasing debit side, selling HQ would imply laying off a >>> serious amount >>> of middle management and other things along those lines. But I >>> don't quite >>> understand the rules of the merger with Hoya, evidentially they >>> can't seek out >>> outside investment during that time period. So I suppose it is >>> possible. But >>> that type of move would not appeal to current investors. >>> Decreasing debit >>> would. >>> >>> It might make current investors, in fact, abandon ship. Which >>> would not be a >>> good thing. >>> >>> Marnie >>> >>> --------------------------------------------- >>> Warning: I am now filtering my email, so you may be censored. >>> >>> >>> >>> >>> ************************************** See what's free at http:// >>> www.aol.com. >>> >>> -- >>> PDML Pentax-Discuss Mail List >>> [email protected] >>> http://pdml.net/mailman/listinfo/pdml_pdml.net >>> >> > > > > -- Entropy Seminar: The results of a five yeer studee ntu the sekend lw uf thurmodynamiks aand itz inevibl fxt hon shewb rt nslpn raq liot. -- PDML Pentax-Discuss Mail List [email protected] http://pdml.net/mailman/listinfo/pdml_pdml.net
