Newbie question

[bobo]

If a company is trading at .06 a share and another company is planning to buy 51% of that companies shares at .15 a share would you expect that to change or raise the .06 trading price?

[Galt]

I don't know the specific situation you are talking about. But yes, in general. HOWEVER, if the news is already in the market and the price is still 0.06, you better read beyond the headlines. No one leaves money on the table for long, certainly not the pump and dumpers.

[bobo]

The stock i was referring to was IAO . The company wishing to buy 51% of the shares just increased their offer to .20/share. If anyone has any suggestions regarding this stock, please post. I went ahead and bought 2200 shares @ .05/share.