RE:RE:Please VOTE NO to WB!
I note from the information circular that
There is no hold requirement for BH. They may sell any number at any time, and
the three fairness opinions were made before the BH buy-in was announced. They were not opinions on whether the second trance is fair based on current state of HCG.
So management is compelled by the agreement to recommend voting FOR. That may not be what they would recommend for the second tranche if they were free to evaluate it today.