Hostile bidIn DR's interview he stated that at $1.40/share "we" would be gone in a hostile takeover.
The WE would be management. A hostile bid bypasses mgmt. and deals with the shareholders directly. Therefore if shareholders didn't want to accept the $1.40 that is up to them.
They can then make an intelligent decision based on lbs in the ground/dollars per pound etc. to get a realatively good price for shares.....no doubt with PLS over $3. Our PEA will show that.....easily.
When the hostile bidder is successful, management of the acquired company is deleted. They become obsolete and totally un-necessary.
Here in lies the threat to Dev. and company.............with a hostile bid, comes relief for us sharholders from this gong show mgmt of PLS is trying to sell us. They are only protecting their own butts.
The strenght of a hostile bid is shareholders sticking together, and the weakness is some selling before the fair price is achieved.
If the vote is no, then shareholders must be prepared to accept a reasonable offer and STICK TOGETHER!!!! That is our strength....we are the owners!
Also a NO vote should be a vote of NO conficence in PLS mgmt.
To further your understanding on "hostile takeover" .......enter "Canadian Hostile Takeover" in your search engine and see for yourself. Call it DD if you like.
A thought from;
Solver