RE: Low ball bid?8 Jan 2020 17:19
isb:
From a tiny amount of research I found this:
Gateway Industries was by all measures an insignificant website design firm. Trading for just a penny per share, its sole employee, CEO Jack Howard, wasn't viewed as particularly talented. Then, on February 11, 2011, a black swan event occurred when famed media entrepreneur Robert F.X. Sillerman announced he would be acquiring Gateway. Based solely on Sillerman's reputation, Gateway's stock immediately spiked over 20,000% to $2.97 per share. Sillerman then consolidated Gateway Industries with a handful of other firms, to create his startup firm, Viggle Inc.