OTCPK:HBAYF - Post by User
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Lastingsumon Dec 08, 2019 12:17pm
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RE:RE:RE:Globe and Mail article
RE:RE:RE:Globe and Mail article Apparently, the whole setup was conflicted and self-serving. It was designed to force the minority shareholders to give up a portion of their investment values to the Continuing Shareholders.
Once again, Baker wants to get something for nothing by using the company’s cash to get rid of the minority shareholders, while showing no respect for their intelligence. How could they logically argue that their $10.30 bid is the best offer when there is another $11.00 bid on the table.
The Continuing Shareholders have made threats that the share price will drop precipitously if their offer is not accepted. Don’t forget that they will also stand to lose millions of dollars. We will see who feel more pain and who want this deal more. I think it would be foolish of them to not raise the bid to a fair amount.