RE:Another one week extension to March 28
notacasino wrote: As we have seen every Monday morning for the past 3 months, there is another one week extension to enter into binding documentation. Maybe one these Monday's we will be surprised to actually learn some relative information. The uneducated waiting game continues..... MBAC Provides Update on Its Strategic Review Process 03/21/2016 TORONTO, ON -- (Marketwired) -- 03/21/16 -- MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX: MBC) today announced that it is continuing negotiations with an investment fund active in the fertilizer industry (the "Offeror"). The parties have mutually agreed to further extend the letter of intent between the parties, which contains an exclusivity clause and the deadline for entering into definitive binding documentation, to March 28, 2016.
Horrible managed company and strategic alternatives.
If you believe what the company has told individuals via email the labour disputes aren't the hold up. So they are just flat out incompetent or being evasive and non-transparant once again.
Nobody believes that - Clearly the labour disuptes are one of many qualifications to signing binding documentation.
Also, the fact that they are trying to get the class action lawsuit dropped means that the individuals claims are all settled or very close to being all settled.
My hope is that we get an NR first that states MBAC is free of all legal disputes. Signalling to the market and prospective bidders the coast is clear to make an offer. This exclusivity was utter nonsense.
Any hostile bid will be choosen over anything Alpha and this horrendous management/'BOD have put together.