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Lakeside Steel Inc V.LS



TSXV:LS - Post by User

Post by Kobedog1on Dec 20, 2011 8:23pm
245 Views
Post# 19340179

Put in an offer - do the due diligence

Put in an offer - do the due diligenceAbandon the offer and go home to compete more effectively. Can that be a scenario? Who knows ? Without a name which I think is disappointing to say the least. And I am being kind here.Saw it done to a really nice little mesh plant back in the eighties. The big boy made an offer contingent on DD, so he could look at the operations and listen to the market strategy the management naively blabbed off to him, and then they withdrew the offer and crushed the "target" within a year. I knew one of the players directly. Got these facts from him, when I hired him myself. The market never figured it out. Nobody really cares about this kind of stuff, except those who stand to benefit.So, I think this offer to buy is a beginning, as I said in my last post.And I am certainly not accusing anyone of anything , except for being far to vague in publishing this news. Who else has a view from experience, not simple opinion, founded on ego or due to pumping goals?
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