TSXV:PQE.H - Post by User
Post by
deepoil0808on Jul 27, 2022 1:04am
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Post# 34852914
Retraction of options - bullish news
Retraction of options - bullish newsGood news, it might be symbolic but it shows that management wants the deal to close and is acting in good faith.
It also means that CFIUS is going to issue the all clear signal.
PQE retracted 2,000,000 options that were granted to Valdimir Podlipskiy in 2018 and which carried an exercise price of $ 1 per share, expiring in 2028
PQE retracted 1,000,000 options that were granted to Robert Dennewald in 2018 and which carried an exercise price of $ 1 per share, expiring in 2028.
They could have kept the options but the fact that they chose to RETRACT means that they see the buyout as proceeding at 74 cents, with 90% of the shares tendered.
Information is on sedar.
My personal opinion