Corrupt ICG Board Most here are still wearing their rose coloured glasses or are just incapable of letting go of the notion that De Jong and Salamis are crooks, all imho.
Blue talked about Integra's fiasco and ``shortsighted management`` justifying this assumption by referring to Marine´s ` ``2+ weeks ago 175 million shares have already been traded`` post.
Come on guys, really.....?!!!
You still seem to believe that the Integra Board is looking after retail shareholders. You are wrong.... all De Jong and Salamis care about is their paycheck, bonusses, golden parachute and an opportunity to pull the same trick once again!!!
...... and of course this is a low low-ball offer. Problem is that the the premium was appr. 50% higher than before the Press Release in which they annouced the take over. No matter how much everyone is whining, complaining, crying about the unfairness of the ELD deal.... a class action suit will not stand a chance! Any judge will refer to the premium which is a decent one (BUT ONLY IF ONE DOES NOT KNOW THE REAL VALUE OF INTEGRA!!!!)
I have sold half of my position and am hoping for another bid.... not sure if this will materialize but I am optimistic that G. or AEM would want to have a go at ICG´s gold. If they do make an offer it should be substantially higher than the $1,21 from ELD.
Good luck,
Honkytonkgirl