GREY:PGDIF - Post by User
Comment by
oiltaron Jul 17, 2015 11:59am
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Post# 23934398
RE:RE:RE:RE:Mt biggest fear
RE:RE:RE:RE:Mt biggest fearI did buy more @ .21 on the with the idea if the price keeps falling the Friedlands can block a hostile bid,but could also launch their own,The share price is falling because current shareholders are selling and willing to take less and less each day.A good businessman like the friedlands would see that their partners( the current shareholders )don't mind giving the asset away for a lot less than its worth.If so why not offer all shareholders say 50 cents and get rid of them for good?
We can not get a hostile bid Eric and Robert would block it but the Freidlands must know with a $40 millin market cap and a $150 million private offer would get a deal done.Even at $150 million the Friedlands would be getting a $5 billion asset.Most all PGD shareholders worn down in this 5 year bear market would scramle to tender at $150 million or near 3 times todays price.
If I were Eric nad Robert I would do it.