TSXV:AAA.P - Post by User
Post by
bashertrasher1on Nov 17, 2014 9:38am
193 Views
Post# 23135337
Mylar is famous ... for being an IDIOT!!!
Mylar is famous ... for being an IDIOT!!! Mylar1 gets schooled!!! ROTFLMAO!!!!! Mylar shows the world what a total idiot he is!!!
From another board ...
SUBJECT=???
mylar1 wrote: a right of first refusal (ROFR) issued to ICL on the direct and indirect disposition of Allana’s interest in the project, as long as ICL continues to beneficially owns 7.5% of the fully diluted common shares outstanding of Allana Potash. Am I mistaken or does this language give ICL the right of refusal to the project which would include any SOP development, if feasible?
Now this is funny. I can hardly imagine that there is anybody investing who would not know what ROFR is.
ROFR gives ICL the right to do the deal for the same price as the highest bidder without bidding. To be more clear, if there is a buyer who would offer 400M for Allan,a ICL has the right (but no obligation) to buy Allana for the same price.