Still no word from the company on the results of the Go Shop with only 7 business days remaining until the shareholder vote regarding the Beedie offer. That leaves shareholders in the dark regarding some material facts that make supporting the current deal very difficult such as:
1. The number of bidders (if any) that the company was in negotiations with during the Go Shop and the number of bidders that THNK is still in negotiations with. Even if the number is zero that is material information that investors need to know to make an informed voting decision.
2. If there are ongoing discussions/negotiations then shareholders should be provided an update on the current status of these negotiations/discussions.
3. If there are no negotiations and none expected then BOD should reiterate their support for the Beedie deal that's on the table. Investors are currently in the dark about whether the board is still supportive of the deal and/or if any deal terms, such as the low $0.32 offer, are being renegotiated. Thus, a reiteration of support for the current deal would put the possibility of a modified deal to rest.
The other possibility of course is that enough votes have already come in to support the deal, and possibly the BOD feels no sense of accountability to update shareholders. In other words, their attitude may be "It's a done deal, so screw you we don't owe you any explanations for our silence". Of course the other possibility is that negotiations with another party continue to be ongoing hence why the silence or lack of update from the BOD.