GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation; phone verification, and data maintenance services. The identity segment includes document verification, data verification and identity investigation services. Its identity verification solutions can be configured to carry out a wide range of functions, including know your customer checks, anti-money laundering checks, age verification checks and liveness detection. The fraud segment includes transaction fraud monitoring, combating origination fraud and in-life fraud investigation services. It provides artificial intelligence powered screening for automatic onboarding or referral of customers.

OTCPK:GBGPF - Post by User

GB Group Ord Shs > 38% lockup

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Comment by thorgb1on Nov 15, 2017 10:30am

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RE:38% lockup

3yearpotstocks wrote: Golden Opportunities Fund was the only shareholder with >10% (18.57%) ownership listed in the prospectus. The fact that they had 38% of the existing shareholders agree to a lockup brings them a lot closer to the threshold (66.67%) they need to takeover.

Kind of a slick move by ACB to lock up the Golden Opportunities shares. Makes it that much easier to get this done. Without that lockup, I'd think this proposal fails, but with it in place I think it will be hard to stop. Barring someone else coming over the top, We can hope there will be some negotiation and we land on a friendly price around $30. If it happens at $24, not the end of the world, everyone will have made money, and we move on to the next one.

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