OTCPK:NNDIF - Post by User
Comment by
ZincDinkon Jan 12, 2023 2:47pm
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Post# 35219231
RE:RE:RE:RE:more re. valuation
RE:RE:RE:RE:more re. valuationIf deal goes through, no need to change the board as GC will have full control
The offer is outrageously low, very few would be in the money at the current offering.You bet the funds want a much better price
The TD analyst has stated (overstated) the risk from the cell financing but acknowledges TC are high and likely to remain high. He previously valued the plant at 2.5 if it closed - his analysis is pretty much worthless. I do agree that GC will probably not up the bid over 2 unless there is a real chance of losing the operations - then you will see them get serious. IMHO, this is some A hole manager hoping to get a new Mercedes from the bomus he would get scalping the individual investors.
The offer has set a floor price of 1.4. There is little to no risk currently in buyers minds as the deal goes through, no real money made no loss. Altenatively, there is further upside potential
If we get a better balance on the board, who knows what we could see. I am tired of GC and their games, anybody but GC is where my shares will vote.