OTCPK:HBAYF - Post by User
Comment by
Bookendson Dec 02, 2019 5:22pm
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Post# 30414924
RE:RE:Got to wonder...
RE:RE:Got to wonder... I'm thinking they would have talked to both beforehand to try and get a sense of if they would support 11$ and if they wanted to participate to their bid.
However, then it does seem like there won't be tons left for Baker to capitalize on himself.
For sure the best possible outcome, for us, would be for Baker to meet Catalyst's price. But the cheepest option for Baker would be to cooperate with Catalyst at 11$.
If Baker was to up his bid, I don't see how the special commitee's opinion to Catalyst's 11$ would be relavant... But I guess they are stuck between a rock and a hard place. If would be hard for them to objectively justify how a 11$ offer would be inferior to a 10.3$ offer... With an ongoing OSC investigation, I suppose they have to be very careful at how they approach this, regardless of how Baker is pushing them to act.