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Forum - Gurus Answer Questions    Gurus answer your questions about the art of trading.

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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


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

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