GREY:KXLAF - Post by User
Comment by
muffin17on Oct 18, 2012 9:31am
307 Views
Post# 20497303
RE: RE: Deadline
RE: RE: Deadline I have one comment to make about your thesis you putline below. AR does not have sufficient cash in the bank to have bought lets say 100m shares off the open market. They are offering 0,1 AR share for each PDG share because they don't have the cash. Sorry but the comments you posted do not hold water.
Most likely Argonaut or agents for AR have bought most of the shares offered in the past 2 days - that's 90+ million
Most likely another big volume day today - at which point AR may control more than 33% of shares
So if an offer came about they could vote no and defeat that offer
When comes time to vote for the original offer - they obviously vote yes (controlling 33% or more is huge and combined with non-voting, would most likely win it)