RE:RE:RE:RE:RE:RE:HIP @.55 = HEXO @ 8.68Jay cannot negotiate anything with any third party or give access to any confidential date. Any competing bid will be blind:
Shareholder shall not, directly or indirectly, through any affiliates or any of their respective officers, directors, employees, representatives, agents or otherwise, and shall not permit any such person to:
(iv) solicit, assist, initiate, knowingly encourage or otherwise facilitate (including by way of furnishing or providing copies of, access to, or disclosure of, any confidential information, properties, facilities, books or records of Company or entering into any form of agreement, arrangement or understanding) any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to, an Acquisition Proposal;
(v) enter into or otherwise engage or participate in any substantive discussions or negotiations with any person (other than Purchaser and its affiliates) regarding any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to, an Acquisition Proposal;
(vi) withdraw, amend, modify or qualify, or publicly propose or state an intention to withdraw, amend, modify or qualify support for the transactions contemplated by the Arrangement Agreement;
(vii) accept, approve, endorse or recommend, or publicly propose to accept, approve, endorse or recommend any publicly disclosed Acquisition Proposal;
(viii) accept or enter into or publicly propose to accept or enter into any letter of intent, agreement, understanding or arrangement in respect of an Acquisition Proposal; or
(ix) cooperate in any way with, assist or participate in, knowingly encourage or otherwise facilitate or encourage any effort or attempt by any other Person to do or seek to do any of the foregoing;
quinlash wrote: The numbers were pretty good, nothing near what i had estimated however when compared to HEXO etc HIP did well. Now that the report is out, any company (or investor group etc) that was considering to make an offer will ram their calculations through and start calling up Jay to discuss a possible new deal. As before, I still think the HEXO deal is too low to make any sense, another offer has to come in eventually.
JMHO, GLTA
Bigbaboon wrote: What difference release of quarter would have made?? They perfectly knew what was coming in the rerms of revenues. Tou can still vote no...
chr905 wrote: Us hip shareholders know hexo's 108,000kg per year and their low revenue is underwhelming with their $1.8 billion market cap compared to hips very low $300 million market cap and 40,000kg per year. Hips management should have waited till they released the quarter before fu%^ing us shareholders.
Yep.
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