RE:RE:RE:RE:RE:RE:RE:Offeror - ???It is Alpha Infrastructure LLC - it's disclosed in their previous quarterly reports.
The same group of companies (Alpha and its subsidiaries) did a private placement with GB Minerals in October 2015 to take over control of that company.
It's a guessing game right now, but if the employee claims are settled Alpha may do the same thing with Mbac (through new equity and converting the bridge loan) to take over control. Alpha would have to restructure the existing debt as well.
What kind of value (if any!) left over for existing shareholders is the magic question.
We're all holding shars (and some are even holding the warrants!) hoping to make a buck off of this, but I suspect not to many of us want to have this company in our portfolio any longer than we have to. I won't be chasing this to a $1 but if I can get my capital back I will be very happy.
GLA.