RE:Hostile takeover bid......!Without prejudice. IMHO
Wow with he yesterday's news what is the Mr. Mahli and Bullrun option to keep is holding at arournd 13% of O/S in Gro? I think the best and IMHO for Mr Mahli and Bullrun and all shareholder's here is an Hostile Take Over in short term.
They have one month and less to make a big move like an hostile take over. Don't forget GRO have around 36 millions in cash and now the Market cap is 23.5 millions at .11 per share.....!
It's now or never. An HTO at .20 cent per share represent around 37.6 millions dollars because Mr. Mahli and Bullrun have now around 26 000 000 share of Gro on a total of 214 000 000 O/S
And at .20 cent per share is a premium near 34% more than .15 see in the news yesterday....! And is a premium around 82% with the .11 cent per share today....!!!!
Each shareholder's here need to read this post attentively and make the personal decision to send or not an email to Bullrun about that. 1+1=2 ; 1+100=101 ; 1+1000=1001 Mathematic effect....!
E-mail: kal@bullruncapital.ca
Raypar
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Under the terms of the SPA, GrowMax will acquire all of the issued and outstanding shares of the company which wholly-owns Fertimar in exchange for common shares of GrowMax which will represent 50% of the issued and outstanding shares of GrowMax (213,925,645 GrowMax’s shares) (the “Acquisition”). This represents a value of approximately $0.15 per GrowMax share based on GrowMax’s estimated cash reserves at closing of C$32.5 million, or a 30% premium over GrowMax’s 60-day volume weighted average price.