Good grief,they are starting to sound like a sexually transmitted disease.!
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Just a small parcel. I did try to buy some on open but missed out
Once it is a "done deal" or it is "confirmed" you will not be able to get any TTK shares for 75 or even 76 cents. It will be a discounted cashflow type situation. Like if payment is in 3 months time, then the sellers/buyers/market will price these things at about 2% (risk free rate) divided by 4 so at about .5% or the quotes will be 78/79 or 79/80. Your best bet then would be to be on the bid at 78 but you might be waiting for a while. All the while if you do get some you will miss out on 3 months (or whatever the timeframe is) of interest/loss of other potential earnings elsewhere..... :)
What if it's not a done deal?
ATM the only thing supporting the share price is the deal.
Couta1 reckons he is on to a 'nice little earner' and who are we to try and convince him otherwise?
Lovely Jubbly
Paper Tiger
Wise men.........................
The plot thickens
Its also possible that the offer is deemed not sufficient and Spark has to raise the offer...how often do you see that happen? Yes occasionally. And if you were looking to buy something in a negotiated environment (not a liquidation) you would be usually coming in with a low offer first and then negotiate upwards depending on situation. Conceivable that TTK will come back with "we do not feel this is a fair offer and we see fair value at (0.90 or whatever) So early days yet. Couta has a plan and its not as crazy as some posters seem to think. Risky maybe but he will evaluate risks accordingly.