GREY:RVRCF - Post by User
Comment by
dmacdon Mar 11, 2019 12:25pm
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Post# 29468348
RE:Warning - ISS Glass seagull recommendation
RE:Warning - ISS Glass seagull recommendationIf the deal is done then there would be no need to hire these guys to prod shareholders into voting. I still think a large shareholder will either hold out for more or consider a proxy battle and take over the management of the assets. A deal sweetener is needed for sure and probably for IDM to hold 35% of the combined company.
The valuation of Ascot at $150M does not make any sense and nor does IDM at current market cap. Now we will see if Ascot truly wants to dance.
I was quite happy to see this new development. It means that something is cooking behind the scenes.
Meanwhile ... still wating for TSXV to investigate.