TSXV:NYX.DB - Post by User
Comment by
stocksnbondson Nov 08, 2017 5:26pm
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Post# 26928699
RE:Re:this is not bullshit
RE:Re:this is not bullshitYes, WH can block the deal from happening if they can proceed to convert their preferred shares into ordinary shares. They can get BODs on who will scuttle the deal. Very easy-- not to mention getting other institutional holders onboard. If WH buys in to the tune of 30% effective ownership, they will attempt to wipe the BOD clean.
Who here would not be for that? They CAN try to purchase outright. Perhaps a deal with Stars? Unfortunately Stars already played their hand and voted in favour. We need to see other large shareholders come to the forefront in terms of what their thinking is re: the takeover.
Many here are correct. WH is not against the deal. They simply want guarantees to the code for which there were prior guarantees. If SG can appease, the deal goes through.
This will take a few weeks to play out. For all we know... WH may be satisfied and go with the deal. They then do not plough in money for the ordinary shares and takeobver price is essentailly reached once again once PR comes out. Many ways this can play out. I'm out for now completely until there's clarity. Good luck for those holding. If deal falls though, I'll be buying heavily.
sb