TSX:CUS.DB.D - Post by User
Post by
mo1975on Nov 01, 2016 10:59am
182 Views
Post# 25410049
what are the real reasons
what are the real reasons Here is a scenario......
in september stirling opposed the issue of 75 millions additional notes citing dilution of the companie.. this was backed by 25 % of share holders (perhaps edwards and stirling and a couple others...
in september chemtrade offered 1.60 if cus did not issue those notes
in october cus issued 110 millions of note diluting the value to chemtrade
since then edwards and stirling have added to their position by over 7 million shares at a cost over the chemtrade offer of 210,000 $ ( small amount to increase their control over cus)
The board that stirling wants to replace is voting not to engage with chemtrade..
Is stirling and edwards against Chem offer or do they want to negotiate talks and a higher potential bid????