benthere
01-08-2008, 08:38 AM
There must be something going on with Nationals stock jumping 30% in one day. Someone has been buying it up in small pieces although one investor a coupe of weeks ago bought 877,000 stock for $38,650 that now is worth $74,545. The court is still reviewing the claims against National in it's bankruptcy chapter 11 filing and soon the dollar figure that the bank will settle at will be determined. Then and probably seconds after it is established, an offer to the court in cash will be made to buy National, paying off the outstanding debts at posibly 10 cents on the dollar. Of course it could be anyone, but you have to ask yourself who wants the National Brand name and factory? The buyer will be Fleet of foot is a hint. Still speculation but based on industry consolidation and public documents. :rolleyes: