TSXV:PQE.H - Post by User
Post by
deepoil0808on Aug 24, 2022 9:47am
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Post# 34916660
Viston Strategy to ensure 90% of shares tendered
Viston Strategy to ensure 90% of shares tenderedThere is no doubt in my mind that VISTON has received verbal confirmation that CFIUS has approved the deal.
Official letter in the mail can take 4 to 5 days depending its destination. If in Switzerland, then expect 1 week delay.
In the meantime with no official letter on hand, VISTON can strategize with their lawyers:
- to make sure that there are no lingering SEC issues before waiving this condition
- to clean up any other outstanding issues with PQE
- to get an up to date report on number of shares tendered
- to transfer the funds to Kingsdale ASAP
- to acclerate closing date to say August 29th or 31.
In this way, VISTON can act quickly. Shares will not be untendered as shareholders do not have time to act, it is a complicated and time consuming process to do this. VISTON gets 90% tendered in this manner.
I would not be surprised to learn that VISTON is cashing in our tendered shares as we speak before issuing an official news release.
In any event, this deal will CLOSE shortly.
My personal opinion,