RE:RE:Timelines are drawing closer The Alchemist :
This has been quite a sordid, twisted, quagmire of a story for quite sometime.
"Imbrogilio" would be an apropos description
Many, many long term shareholders have lost faith and trust in certain members of the
board of directors, for very good reason. However, at this time, unfortunately we need
to "trust" that this time around these same individuals will act in the manner expected
of them by the shareholders. The general consensus at the AGM was one of having
to work together as a "united front" in order to negotiate the best offer for the company
and its shareholders
It was conveyed to all of the directors that the shareholders want a fair, open and transparent strategic review process. No blatant, biased support for some POS shell company with a penchant for massive dilution, share consolidation, rinse and repeat over and over again
I believe they got the message, or most of them did anyways.
Keith PIggott went to the wall for us, both with his time and with his money, because he believed he had the support of many of the minority shareholders. We proved our support with all of our votes against the Titan/Core plan of arrangement. With Keith still on the board of directors and fully aware of the potential offers, I am fairly certain if anything untoward were to occur this time around, shareholders would hear about it in a most public way once more.
From all indications, the bidding process finished at the end of October. How long it may take to firm up an offer, or offers, into a binding agreement(s) remains to be seen. As the company has stated in the recent past there were "several non-binding indications of interest". If there are one, or two, or even three, respectable offers, it would be a reasonable assumption that the board could be attempting to "encouarge" any of the lesser offer(s) to "sweeten" their bid(s) to match or beat whichever offer that they may have already selected as the potential "best" offer.
The only news we can hang onto is the fact that there were several offers of interest although all were non-binding, according to the latest company news.
If shareholders are to get a fair and reasonable offer(s), considering the state of affairs with this company, I'm willing to let bygones be bygones, and we can all move forward. However, I do agree with you that it would be prudent for certain individuals not to attempt anything untoward again, considering we already have a BC Supreme Court ruling in our favour, the TSXV watching everything closely, and Titan offering us even less this time around (ie no cash in the offer) ... just more or less worthless confetti paper.
The question is, can any of the apparent bids be negotiated into a fiirm offer(s) in the near term?
Stay tuned
BTW : 1kgcoffee,
in 2018, the 3rd qtr financials were published on November 29, so it's probably safe to assume at least a couple more weeks before the financials are reported.
GLTA !