TSXV:SLX.P - Post by User
Comment by
Margreton Apr 04, 2012 12:13am
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Post# 19756604
RE: Voting No with our family’s 805,714 Shares
RE: Voting No with our family’s 805,714 Shares Realistically, it will be even worse if a no vote goes through.
1. SLX share price will plunge back to below price at offer date.
2. SLX is forced to pay $6 million termination fee, getting strapped for cash. Share price will reflect this loss of cash.
3. Stuck with awful management that returns to what they know how to do best, issue more shares to raise cash, but this time at a lower share price.