GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Jan 27, 2015 1:16pm
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Post# 23368422
RE:somebody gave up
RE:somebody gave up74volfram wrote: I do not like the fact that Dundee Capital Markets (DCM) is acting as financial advisor to Almonty and that despite the fact that the proposed merger is an all-share deal, WOF price is fixed at 8c /share. The letter of intent is non binding. If somebody wants to, they can come in and make a better offer.
That's my hope . . . I'd like to see alittle competition, perhaps a bit of a bidding process, not selling the company at a discount to a buddy in exchange for future favors rendered (like him selling you a company at a discount).
A bit of a backtrace through the business dealings of the parties involved is in order, which is something that I just don't know enough about the industry or the particular laws in Canada to do myself, but there does seem to be at least SOME sidedealing here or they wouldn't have even set a price until AFTER the feasibility study was in.