RE:RE:RE:RE:RE:RE:RE:RE:Good explanation ISCFAThe problem is Pivot has a 90M market cap, 169M in total debt, and trades on the Venture (to name a few things). That is why the 12.85% is high and seems high but you definitely can't compare it to a Canadian bank.
As for the current share price; I have no idea why it’s not moving. I suspect the people who really want the stock have bought as much as they can while the other people are on the sidelines because they are confused about what is going on and scared of what will happen.
Bottom line, the owners want this company for themselves for the capital gains and are willing to offer 12.85% to do so. This tells me that their company (or company in their portfolio) has something big in the works for the owners to want Pivot to themselves. Since the offer is essentially from them and not an arbitrary company/group of people, I believe some sort of offer will go through and it will be from the owners. If all offers get voted/shut down, the shareholders still have what the owners wanted for themselves.
IMO, a deal would be best to gain some quick profits and not worry about the uncertain future of a stock trading on the venture with seemingly selfish owners.