RE:RE:RE:RE:RE:This is getting really, really tiring...Hmm. Are you suggesting that my shares, and the shares of those who I know and have consulted with; collectively amounting to more than either Mr Fink or Mr Oberndorf control individually, somehow matter less?
I cannot claim to know all the other Bonterra shareholders, or to speak for others, but from these conversations I can suggest that these shares outside of management are unshakably opposed to the Obsidian offer. The evidence of the lack of take-up suggests to me that we are not alone in this, by a long shot.
I don't know Mr Oberndorf and he will do what he thinks best in his own interest. If, as is much mooted, this is how to find a way out of his foreign entanglement here, then if I were an Obsidian shareholder I would have some concern that the combined company would have a very large shareholder looking to sell off those newly issued shares.
The alternative; the one I ascribe to, and the answer to another question you posed about why one would buy (or, stick with) Bonterra, is to have a hard look at its prospects. I sincerely believe that the company can rejuvenated itself, and it will once again spin off exceptional cash flow and pay dividends (and warrant a share price) accordingly. I similarly hope that Obsidian does as well, but having been forced to look at both of them, I do not see a combination on the terms offered as a good deal for either, and I would pick Bonterra as my better bet.