Low ball offer11 Nov 2015 16:09
Rusty clearly some people will need to sell for a variety of reasons, for example some may simply need the cash, others may consider they can recoup their losses on another share. As Blinkx share price has not risen above 40p for well over a year most buyers during that time will probably not be nursing huge losses and may be prepared to take a hit. My feeling is, that if a large buyer said that they would buy any amount of shares, providing that the price or average price was XXX there is no real incentive for them to raise the price.. Regarding Brian's position, I agree with you that the starting price for him would be 50p and normally the higher the better, but is it not possible that he may gain more by keeping his job in the event of a takeover. Regards