neroden
Model S Owner and Frustrated Tesla Fan
Yeah, this is really weird. If the Tesla purchase doesn't go through, the price will presumably drop back to where it was before the takeover offer... $3.07 on Feb 1. I'm thinking now I should rescind my tender offer and sell the shares.
Eh. I'm sticking with my gamble on it. If the merger fails, I lose $30K; I can handle it. I won't make my gamble any larger though.
I do wonder exactly what's going on; the first extension was clearly paperwork problems (even the insiders hadn't finished tendering), but I wonder whether there is a large contingent of "it's worth a million dollars a share" MXWL investors out there. If there is... they're wrong.