TSXV:POI.H - Post by User
Post by
NotFreddieon Nov 19, 2015 12:47pm
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Post# 24305812
I think I might be on to something...
I think I might be on to something...Quest has been interested in Slyce for awhile. However, the management at Slyce knowing the true value and potential of the company do not wish to sell at the undervalued price which was artificial created.
It's my belief that to discourage Quest as a suitor, they drove the sp price even further to its $0.17 low, by a possible "poison pill" scenerio.
Since Slyce refused to co-operate, Quest decided to let the "cat out of the bag" See excerpt below:
“Our strong preference would have been to work with you on a confidential and cooperative basis. However, we have been unable to develop any meaningful dialogue with you for many days now and were disappointed by your unwillingness to open discussions with us following our many attempts to contact you. Furthermore, in light of the decrease in the Slyce, Inc. share price during the days that followed our November 17 letter to the Board expressing an interest in discussions, and further decreases following our November 18 attempts to contact you with an acquisition proposal, we determined it was advisable to publicly release the text of this letter concurrent with its delivery to the Board to ensure that your stockholders are fully apprised of the significant value afforded by our proposed transaction.”