OTCQX:DMMIF - Post by User
Comment by
edxon Apr 04, 2019 2:18pm
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Post# 29583360
RE:RE:RE:TTM volume
RE:RE:RE:TTM volumerobnhood wrote: The deal sure does look stinky but if all of CGLD's assets are as good as many seem to think then why is there not a lot more interest from other suitors?
The company's assets were under lien until December and not for sale. Shortly after the liens are lifted the company announces this merger deal with Titan. Think about that for a second...
Then, Keith dissents unless he gets a "go-shop" period of 60 days, which is an absurdly short period of time to try to get a deal done from scratch, but finds one anyways.
Then the Board goes out of their way to kill the alternate deal they never thought Keith would be able to produce in such a short period of time by removing the go-shop clause, increasing the break fee, etc and fires Keith (whatever the actual merit or reasoning behind it).