RE: RE: RE: what a gift Samarium Group Tender Offer
Pursuant to the "unsolicited takeover bid" mentioned, the Company further concludes that at no time did Samarium Group ever tender a formal takeover bid or provide shareholders with a takeover bid circular, as required by law, despite management's letter sent to Samarium Group on February 20, 2013 requesting same. The terms of Samarium Group's initial news release announcing its alleged take-over proposal were unclear and misleading, particularly with respect to the warrant aspect of the proposed consideration being paid, and such confusion was never clarified by Samarium Group.