GREY:MDCGF - Post by User
Comment by
dbc_3on Jul 12, 2013 8:54am
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Post# 21603711
RE:Need your professional assistance
RE:Need your professional assistanceHey Ricky, its up to us what happens next.
PMI isn't tendering their shares so they don't get a vote, and either does the acquirer Mitsubishi Tanabe. That means its up to the remaining ~50% of shareholders to decide whether $1.16 per share is a fair and reasonable price and vote accordingly.
I for one don't feel that we are being adequately compensated. There is a significant amount of upside that we would be giving up at $1.16. Selling the company for anything under $500 million is essentially giving it away for a song and a dance.
We have a game changing state-of-the-art technogy, and there are other players that can be interested. Remember the "top-10 pharma company" that is still unknown. There is still a significant number of catalysts to drive the stock higher - phase 2 results, phase 3 results, partnerships, signing MOU's and contracts. This is still early days for MDG. The way I look at it is that this is the opening bid and MDG is now officially in play.
Don't sell, vote against it, and lets all make some real money.