23andMe Holding Co. ME

Anne isn’t allowed to buy shares after her announcement to go private. Short seller just have fun today.

Day traders having fun before today. Buyout to go private going to be announced sometime in the near future. Hanging on till then. Easy 2x to 3x or money. Let them chase the pennies for now.

It’s all about the buyout price from Anne who already owns 20% of ME. Let hope the Committee and Wells Fargo come up with a good deal for all.

Can’t declare bankruptcy with $240 million in the bank and 15 million DNA library. She wants it private and not have to deal with the hassle of rules to be listed on the Nasdaq

Ancestry.Com would love ME DNA Data added to there large library.

All the volume action seems to be in the last 2 hours of trading.

Would be strange to want to go private then have a reverse split. You can’t sabotage the company or burn it to the ground. I’m sure there would be some legal issue with that. Take it or leave it the way it is. I think it getting taken out at $1.25 to $3.

A committee is set up on behalf of the shareholders to get the best deal for us. So if they get a better offer somewhere else Anne will have to match the offering. Anne cannot buy shares once announcing her plans to go private. My understanding of it.

I think the shorts are trying to get out without raising the alarm. They got a long way to go. No use staying in ME with a buyout imminent.

You wonder why CEO wants to go private. It’s a money maker but the market doesn’t see it.