Does anyone know if this would be a good stock to buy?

Question

AURC (AURUS CORP) annouced yesterday that they have recieved an offer from a company to buy all outstanding shares for $.55. Currently the stock price is at $.13.
What seems weird ,however is the stock price did not jump when this news came out? There seems to be a problem
Here is the news

NEW YORK, NY--(MARKET WIRE)--May 16, 2007 -- Aurus Corp.'s (Other OTC:AURC.PK - News) board of directors is pleased to announce to its shareholders that it has decided to accept the offer of Kartex Financial Corporation to purchase all outstanding shares at $.55 and, consequently, it recommends to the shareholders to accept the offer.

The president, Fedor Dovgan, assures the shareholders that the procedure to conclude the transaction will be done in a very expeditious manner.

Answer 1

Hmm, BusinessWeek shows it to be some Russian mining company. I ain't touching. Good luck.

Answer 2

They also announced on the 15th @ 9:30 AM that the buyer, Kartex, is willing to buy at 55 cents per share all of the outstanding shares on or before the opening (of trading) on the 16th.

In other words, all shares that were owned/bought before the close of trading on the 15th will be bought by the buyer, Kartex, at 55 cents a share.

So any shares bought yesterday and today, the 16th (close @15 cents) and 17th (closed @13)are not included. That's why the stock price did not go up - rather, it went down today.

Note: The closing price on the 15th is 9 cents. Those who bought yesterday and today may be gambling. Their holding are not included on the deal. They may keep holding it and see what will happen.

Answer 3

No.

I am a Portfolio Manager with over a decade of experience in the Stock Market and I suggest you to avoid this company like the Black Death.

If you need some help with your stocks then let me know and I will help you for FREE.