RE:OSC Needs to make a statement on BB sp falling"I've never seen this happen before..........Offer is $9 and sp falls.........something stinky happening behind closed doors?"
No, it is because any other offer you have seen had some type of commitment to it. This has nothing attached to it. I could call the press tomorrow and say I am putting a $12 bid in for BB but it is conditional on finding backers and I can back out in a minute without it costing me a penny if I feel like it. How excited would you expect the market to be over that?
Without a commitment, the market sees it as hollow words to accommodate the self serving interest of both Prem and Thor. If you want the market to take it seriously then the offer itself has to become serious.