OTCPK:HBAYF - Post by User
Comment by
Bookendson Nov 27, 2019 12:11pm
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Post# 30398392
RE:RE:RE:Can they both vote down their offer?
RE:RE:RE:Can they both vote down their offer?99reasons... I know it makes no sense for them to do it... But I'm sure they will double down on their actions and put of releases saying that the Baker offer is a superior one than Catalyst.
It happens time and time again. They are they one getting all the benefits from it, but they tried to make it sound like it benefits the minority ones.
It always surprises me how regulators always sit buy and don't contest that an all cash offer less valuable in price than another can be superior. But the boards always find the most riduculous reason to justify it.
The regulators really need to find ways to align the interest of the boards with that the of shareholders and need to crack down on obvious cases of lack of fiduciary duties... Lack in this case.