No. of Recommendations: 0
Did a little research... Salton is the company that does the George Foreman grills and other consumer products. They have the Black & Decker brand. They are like 90% owned by an investment group out of the bahamas, which is funding the purchase. I looked thru the purchase details and am not clear on a lot of it.

Salton was once on the NYSE and is now on the OTC for like $0.21 a share. It scares me that the company about to buy the company I like is mostly all owned by an off shore investment group, that they were on the NYC but are now OTC (isn't that a bad sign?) and mostly that it is only going for $0.21 a share.

Why is a company that sells George Foreman Grills and has the Black & Decker brand only going for 21 cents a share on the OTC ? How can that be? Would the subsidiaries have their own stocks? (I didn't see anything like that on what I read.)

Aren't these all red flags?


Mike
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