Fri 5/26/2017 07:05 ET
DJIA21082.9570.530.34%SOLAR18.560.090.49%GOLD1255.001.880.15%Shanghai3136.7734.501.10%
S&P 5002415.0710.630.44%BANKS23.620.040.17%OIL48.682.545.22%Nikkei19743.4369.100.35%
NASDAQ6205.2642.820.69%SEMI85.320.580.68%US/EU1.120.000.06%Futures2411.252.250.09%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Gurus Answer Questions    Gurus answer your questions about the art of trading.

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  
From: Sharrisonrn (Rep: 0)Date: 01/26/2017 22:24
Forum: Gurus Answer Questions - Msg #572Thread #673902311 (Rec: 0)
Need help with acquisition scenario!

I'm new to trading and have a question concerning an acquisition. The stock I own ERF wireless announced last week they "signed a definitive agreement under which ERF will acquire 100% equity interests in Accordant for 14,000,000 shares of ERF Rule 144 restricted common stock valued at $1.00 per share in an all-stock deal valued at $14 million."

My stock price for ERF has dropped from 0.016 to 0.011 since the announcement. I would like to heard thoughts on the verbiage of the acquisition and what I may see for the future. Both companies are wireless providers. All input is appreciated. Thanks. Shaun

Here is a link to the announcement

http://m.marketwired.com/press-release/erf-wireless-acquire-accordant-communications-all-restricted-common-stock-transaction-otc-erfb-2189559.htm


Sent from my IPhone

NOTE: This message was originally posted on 2017-01-26 21:20:40 by the Sharrisonrn.

:

Sent from my IPhone

NOTE: This message has been revised 1 time. Read original version of this message.
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser Sharrisonrn: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.