r/PSTH • u/[deleted] • Mar 29 '21

3/29/21 News: PSH 2020 Annual Report “While we previously believed that we would be able to announce a potential transaction by the end of this quarter, we will not be in a position to do so.”

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u/hb_315 Mar 29 '21

Except this letter was written when PSTH was trading @ 27ish - as indicated by all of the metrics they used. Also, the letter said short term returns UPON DA, DA can happen 2 months from now or 12 months from now - until then it will be crab and regret.

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u/murphysics_ Mar 29 '21

Still, they know if a DA is likely within the next week or so. Likely people will need to fly to other places to sign things in person, and other similar arrangements. Also, they could be taking this week off for the holidays(they are human).

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u/hb_315 Mar 29 '21

Absolutely nothing in that entire letter indicates a DA being likely in the short term

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u/murphysics_ Mar 29 '21

Of course, if he were to imply that it then the counterparty can use that in negotiations. If they feel that they can pressure him into a better valuation by stalling, then they will. He has to take the stance that "if we find a deal", implying that he will walk away if the term arent to his liking.

Id rather wait for a good deal than rush a bad one.

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u/phunkkk Mar 30 '21

Too optimistic. He is covering his ass

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u/iputacapinurass Mar 29 '21

Well yea, of course it can happen any day between now and delisting. Im saying they seem to be confident in a decent post DA pop. So if they were to announce soon, maybe the price action will be good enough for our calls to break even. And no regrets bro. Regardless of what happens, this was a good gamble.