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-   -   CLCT Stock (http://www.net54baseball.com/showthread.php?t=296515)

T206BrownHindu 02-11-2021 09:03 AM
CLCT Stock
 
Anyone know why CLCT hasn’t moved the past few days? Related to the buyout?

Mark

goldenage 02-11-2021 10:17 AM
Doesn't a stock go basically flat when it's taken private ?
I believe it will no longer be listed soon, but i could be wrong.

T206BrownHindu 02-11-2021 10:33 AM
Makes sense. Just wondering what happens to the existing balance that was in my account prior to going dormant!

Mark

bobbyw8469 02-12-2021 07:45 AM
Quote:
Originally Posted by T206BrownHindu (Post 2067095)
Makes sense. Just wondering what happens to the existing balance that was in my account prior to going dormant!

Mark
Oh crap!! You never sold?? You still got it?

T206BrownHindu 02-12-2021 09:14 AM
Quote:
Originally Posted by bobbyw8469 (Post 2067437)
Oh crap!! You never sold?? You still got it?
I’m assuming they will just credit my account with the buyout price per share. Just hasn’t happened yet.

bobbyw8469 02-12-2021 10:51 AM
It is my understanding that the original buyout price was $75. A large shareholder said that wasn't enough. They valued the stock at $92. The buyer said, OK I will pay $92 then. That was the last I heard of the situation. Maybe you know more than I do?

T206BrownHindu 02-12-2021 10:56 AM
Quote:
Originally Posted by bobbyw8469 (Post 2067520)
It is my understanding that the original buyout price was $75. A large shareholder said that wasn't enough. They valued the stock at $92. The buyer said, OK I will pay $92 then. That was the last I heard of the situation. Maybe you know more than I do?
I heard $92, as well. Hopefully, there’s resolution soon! I reached out to the broker for details. More to come soon, I guess!


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