Legal ObligationsDoes any one know when Sirit MUST inform shareholders that they have another offer(s)?
And in the context of that question does a "no" or a ''yes" vote prior the vote cut-off date and no counter offer announcement allow Sirit to ignore the counter offer if they deem it in THEIR best interests to accept the voting results. Put another way, do all the votes become null and void if Sirit announces another offer after the vote cut-off date. Effectively does it lock us down to a payout at 30 cents (in the event of a yes majority) when indeed a higher offer was on the table and we were not given a chance to vote on it.
In other words is the vote cut-off date also the drop dead date for counter offers to be submitted to Sirit?
If indeed this is true then counter offers would likely be received by Sirit on any of the next 5 work days, today, Friday, included. Should we then anticipate that the company making the counter offer to make it public by way of a press release?