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pilgrimoil

KNTA & PINR

Started May 30 at 2:23 ET (By pilgrimoil)

Symbols: KNTA

I see KNTA just got bought out at quite a premium. The news could bode well for PINR if the merger goes through as expected. KNTA -- The Company is a provider of software and services that enable nonprofit organizations to use the Internet to increase donations, reduce fundraising costs, manage complex finances for nonprofit organizations and governments. PINR -- ServeNation and its affiliated websites have served non-profits and non-profit workers throughout the world for the past five years. MinistryHome, the original website, was created in 2003 to serve religious non-profits through websites and social communities. It expanded into fund-raising tools in 2007. With the success of these tools, ServeNation was born to assist the non-religious non-profit market. ServeNation provides inexpensive, easy-to-use websites, social communities and fund-raising tools enabling non-profits to keep in contact with their supporters, raise funds and network in ways never before experienced. Since other social networking sites tend to be 'ego-driven,' many non-profits are hesitant to sign up on them. ServeNation offers a safe and purpose-driven alternative, along with some of the most unique fund-raising tools available today. Friends and supporters can keep up with the non-profits they support by receiving automatic updates, and using the fund-raising tools provided. It is a privately held, online social community working exclusively with U.S.-based non-profits. Pine Ridge Holdings, Inc to Acquire 100% Control of ServeNation

2 Comments

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shlomi

shlomi

May 30 at 3:58 ET

I understand that KNTA CEO is finally out and after the acquisition news the stock is up by more than 60% .... (darn I've missed that one). I think that this company could be a turnaround story, I'll defiantly add it to my watch list.

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guliamo

guliamo

Jun 01 at 3:26 ET

I wonder if they will keep their good will going now that the company has been bought out.. sorry for being cynical but business and charity often run each other the wrong way when it comes to maximizing profits.
without pooping on the parade though, usually buy outs at a premium don't serve the buying company well.. heck even Proctor & gamble buying out Gillete drove the stock down near term back 2003.. I guess it's because the picture is usually prettier when you buy a company than once you get the real picture of it's finance..

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