Post by
Indicator on Jul 12, 2013 9:49am
the Fat Lady Sings
"PMI, Medicago's principal shareholder, which currently holds 38.5% of all issued and outstanding Shares of Medicago, has agreed to irrevocably support and vote its Shares in favour of the transaction until April 12, 2014. In addition, all directors and certain officers of Medicago holding approximately 1.6% of the issued and outstanding Shares have also entered into agreements pursuant to which they have agreed to vote their Shares in favour of the transaction."
Jentai was right - they killed the upside here with share dilution.