Well, DISK’s press release today does not sound good:
“Representatives of Nyx … have requested additional time to finalize its financing for the transaction. Image’s board of directors has indicated its willingness to grant this [...]
I am entering a position (for my simulated portfolio) in Image Entertainment, Inc. (DISK) today at $2.16/sh. They have a deal to be bought out by Nyx Acquisitions, Inc. (of Q-Black LLC) for $2.75/sh cash.
DISK recently said they failed to make a payment of $1.3 M on time, but today it has been reported that [...]
