Post by
Detailoriented1 on Jul 16, 2019 9:07am
Anyone else think there is a higher or restructured bid comi
Given that most shareholders say they are voting NO to this offer, I suspect that Pala will need to put forward a better bid than they have if they want this to go through. And given that management on our side probably wants it to go through as they likely get a change of control bonus and then keep their job by running the new company, I suspect both sides are talking to shareholders to try to figure out where this deal can get done. IMO it is about 1.00 higher in cash with the same spinout company. Thoughts? GLTA
Comment by
gruntov1 on Jul 16, 2019 5:18pm
I'm fine with the additional $1 in cash, BUT, if they keep the same format in place, they need to fund the new company with a minimim of $20M going forward. $10 M of that is already spoken for just to keep up with our share of capex at Ramu.
Comment by
lumpy13 on Jul 17, 2019 12:14pm
I can't believe the institutional investors that bought shares when KBLT did new share issuances a high share prices to buy Ramu, etc, won't object to the Pala rip-off.