OTCPK:HBAYF - Post by User
Post by
88guy88on Jun 10, 2019 3:24pm
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Post# 29812797
It all comes down to
It all comes down to what the the "Committee" comes up with for price....the committee and independent legal counsel will represent the interests of the 43% of the retail and other investors that are shareholders as Baker and his group own 57% of the shares...
Its just part of the game....Baker offers $9.45 and the committee comes back with a higher value that should be accurate reflection of true value and then Baker will up his offer to something more reasonable as I am sure he definately wants the company out of public hands....he is highly motivated to make the next offer very attractive....otherwise we go back to public company again and patiently wait for them to execute the plan to bring out the true value.....its a win win for current shareholders....get a better deal or back to status quo....