RE:RE:RE:Any thoughts on a competing offer The bid needs a "super majority". It's not just 51% of all shares. Critical will be which shares are deemed eligible or ineligible to vote. Ie Which shares are "disinterested" in the legal regulatory definition. We are all very interested, but unlike every other situation, not all votes are equal. Some are excluded. Pipe and Strathcona will NOT even mention this unless legally compelled to in a regulatory filing. WTF happened to SEDAR by the way? What a sheetshow . If asked, they'll play with coins in their pockets and change the subject
Now cue the paid attackers and bashers of pipe that will paint Strathcona as the omnipotent savior of the "on the brink" pipestone. Anyone clamoring or just hoping for a second bid will be pilloried. Pipe will be portrayed as a hopeless lost cause without Strathcona saving them and only Strathcona can pull this off. It's starting. It's going to ramp up if any resistance forms. The pipe bashing over the last few months was just laying down the starting point.
I'm in NO rush to buy back what I sold at $2.70. Maybe if an activist shareholder or competing bidder emerges. Regulators will do absolutely nothing even if a rock solid argument was laid out for them.