OTCPK:NWKRF - Post by User
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Extallioneson Nov 20, 2017 3:00pm
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Post# 26998333
RE:RE:RE:RE:This is risky at .57 like it or not
RE:RE:RE:RE:This is risky at .57 like it or notI'm not clear on this "lock-up agreement", either. I'm not convinced it actually prevents CMED shareholders from voting in favour of the HIP deal. Generally speaking, lock-up agreements are intended to prevent shareholders from being able to SELL their shares to any other 3rd party who may want to acquire them - i.e. they're locked into selling their shares only to ACB. However, HIP is not looking to purchase their CMED shares - HIP is being acquired by CMED, which is a completely different scenario - that I don't believe the lock-up agreement would have contemplated. Obviously I can't be sure of that without seeing the agreements themselves, but that would be my understanding. I don't think ACB has nearly as much power to stop this deal going through as people are suggesting. Nor do they have as much chance of a hostile takeover if and when the deal does go through.