OTCPK:EUCTF - Post by User
Comment by
kidl2on Aug 18, 2017 4:56pm
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Post# 26598184
RE:MAYBE A TAKEOVER CANIDATE ????
RE:MAYBE A TAKEOVER CANIDATE ????No one can buy EUO unless it’s SICPA. SICPA’s 20% plus other insiders plus disinterested parties make this impossible.
IF SICPA wants EUO, they will short the stock down to 50% of cash value, offer a 20% premium, sweeten the pie for Bruce and Doron likely by just handing the X’s to Doron who will try to spin the 2 X’s off into another public company since they can’t exist as a self-funding going concerns. Croptimal is a zero sum game as it can’t exist without Netafim. It will likely just fade into the sunset.
Doing this, SICPA will spend as much as they would have spent on remaining royalties and they can take Petromark out of the lamplight they hate so much.
I don’t actually see SICPA making this move as all they have to is wait. EUO is self-destructing as their cash is going down.