GREY:NEVDQ - Post by User
Comment by
bogfiton Dec 28, 2021 9:33pm
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Post# 34266460
RE:Bog: I am not sure we are on the same page?
RE:Bog: I am not sure we are on the same page?"a significant issue is that funds were put in by PALA & friends at very low prices per share significantly lowering the average price per share ie the average price paid ie ACB"
Question: Was it legal?
A. Yes.
B. There is no B.
"Also retail shareholders would love the opportunity to reduce their average price per share!"
Of course! I bet they would too. I used to wish I could do as well as Telfer and Guistra when they did the Wheaton River mergers It's really hard to grow a porfolio with 45% in WHT with them giving a 30% premium a couple times a year to lure competitors into their trap.
It was fate that allowed Pala the opportunity to take advantage, and to their reputation that they used it.
b.