OTCQX:CBLLF - Post by User
Comment by
lumpy13on Sep 19, 2019 6:57pm
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Post# 30145556
RE:Counting
RE:Counting What's scary is that the delay is as much their continuing efforts to figure out how to steal the company's best assets, when the rresponse is negative from the minority shareholders.
Again, just goes to show how Milewski is conflicted. An independent CEO would be telling Pala Investments, raise your offer signficantly or walk away as the shareholders don't like the current deal.
And, maybe, but I doubt it as I don't trust mgmt and Pala, they are actually thinking about making a better offer. But, again, knowing how they operate, it would be the minimum additional premium they' thiink they'd need to get positive shareholder response. And, thinking about it, it'd probably be increasing the cash portion to C$4, in line with the other offer, which didn't go anywhere.
Finally, they (and their allies) may need the additional time to buy more shares in the market to obtain affirmative votes.