RE:RE:RE:RE:RE:RE:RE:RE:MergerLiquidation of the Difference portfolio is not moot.
Mogo want to get control of this portfolio and then liquidate it to finance their business.
DCF minority shareholders prefer Difference to liquidate the portfolio in house and return the proceeds to them rather than see it transferred to Mogo at such an egregious discount.
The first step is for DCF minority shareholders to vote against the proposed merger.
SamRothstein wrote: Yes I agree with all that, and as I mentioned previously, liquidation of Difference is a moot point anyways because that is not on the table. Minority shareholders can vote on the merger but they can't force a liquidation. Market seems to agrees with thesis that this merger is going to go through, and that the merger is either neutral or positive for Difference shareholders because the current price of Difference is $4.30, same price as before merger announcement on April 15.