GB Group Ord Shs GBGPF

RE:"Superior Proposals" are coming!?

[StrongLong]

MartialArts wrote:
The lockup agreements are on SEDAR.  I spent some time re-reading these.  Some interesting information pertaining to the provision of "Superior Proposals".  I agree with the thesis that new large shareholder MMAM will have a key role to play here.   They have until April 15th.

Locked up shareholders:
"The  Shareholder  hereby  agrees,  in  its  capacity  as   securityholder,  from  the  date  hereof  until  the   earlier  of:  (i)  the  expiry  date  of   the  Offer,  (ii)  the  date  the  Support  Agreement  is  terminated  in   accordance  with  its  terms,  (iii)  the  date  that  the  Offer  or  the  terms  of  the  Offer  or  the  Support   Agreement are amended in any manner adverse to  the Shareholder, (i v) April 15, 2018, and (v)  the  date  that  a  Superior  Proposal  (as  defined  in  the  Support  Agreement  and  determined  by  the   board  of  directors  of  CanniMed)  has  been  made  for  all  or  substantially  all  of  the  CanniMed   Shares or assets"

In the Directors Circular on encouraging acceptance, it's clear that a "Superior Offer" is a REAL POSSIBILITY.  The exact words are:

"The CanniMed Board has preserved the ability to respond to unsolicited Superior Proposals"

 

48% is already locked. Only needs 14% more It's a done deal