OTCQX:BGMZF - Post by User
Comment by
Cognition777on May 31, 2017 11:32am
281 Views
Post# 26305974
RE:BGM: Takeover soon!
RE:BGM: Takeover soon!I agree that BGM is a likely takeover target ... I don't agree with the "soon" part.
With this much insider buying, if OSK intends to take over BGM outright, I believe they would have to wait quite a while to make such a move in order to avoid the scrutiny of the forbidden insider trading issues. In other words, they would have to at least appear that they were buying on spec rather than on secret information "not available to the public". They may indeed be buying on spec even now ... but would not likely pursue a full takeover from the inside until the 43-101 or other such information justified the investment. And they would have to wait until that was public before making their move or, as I said, they would likely be caught in the courts under insider trading accusations.
On the other hand, should a third party desire a takeover, they now have to contend with a majority sharehold in OSK who sees the potential, and has placed BGM in a position of strength (plenty of cash on hand, gold in the ground, and continued drilling & development plans). That is to say, it is more difficult to take over a company that doesn't NEED someone to come in and help us develop our property... we can do that on our own.
Just my two cents worth of thought... time will tell a great story for those holding BGM long I believe.