OTCQX:DMMIF - Post by User
Post by
1kgcoffeeon Jan 28, 2020 7:56pm
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Post# 30611452
For those holding out
For those holding outTitan has over 80% of the shares tendered, supposedly. At a supposed price equal to 0.51 in terms of share value for one core share. Now, lets assume this is all in AUD. That's equal to 0.45.
Ladies and gentleman, does this mean that those of us dissenting are entitled to at least 0.45 CAD in fair value? Since that's what being put forward as the equivalent value? I don't think they can force us to tender. And they can't make our shares just dissapear when delisting. They are extending the period not to be kind to us, but in the hope that those of us remaining will capitulate and make it easier for them. Some have already. Not me.
For those holding out, what do you consider 'fair value'? With a float of 160 million shares, lets say 10% do not tender. Does this mean they have to pay out $8 million in cash? And where will they come up with the money?
Thoughts?