North American Palladium Ltd (New) PALDF

RE:Plenty of questions.........

[geosan0]

Hi all,

I am new to this thread but not new to this stock as I was a debenture holder before Brookfield every lent the previously inept management any money.  I can't believe that with a small subsequent purchase last year I will be able to recover my entire investment after the severe dilution I suffered.

All to say, the current retail shareholders are not being unfairly treated by the current bid.  If anything, the manner in which the deal was structured leaves it wide open for anyone else to make a slight improvement to the overall bid which could be a windfall for the small retail investor.  This is because as was stated Brookfield is looking to cash out on its 500% return not the 300% mentioned in the article.  Brookfield held over 90% and is going to receive in excess of $700m when all is said and done.  However, given that Brookfield still owns about 80% of this company a superior bid, in theory, can be made only to the other 20% and still be considered a superior bid that the board must consider.  So for an extra $2 / share or a total of $20 million dollars on a $1 billion dollar deal I am sure almost every retail investor would be happy to tender their shares.

Therefore, if there are any other serious parties interested in PDL, the current deal structure makes it easy for them to get this thing done on the cheap!!!!

Best of luck to all