New Found Gold Corp V.NFG

RE:RE:Dan Short

[BuccaRooed]

DanWarren wrote: I've been involved with companies being targeted for buyouts. There is a BIG difference between a formal buyout offer, and DISCUSSIONS regarding buyouts. The interested buyer has every right to make non disclosure of discussions of 'what if we offered you terms along these lines'. It's not a Formal buyout offer, it's discussions, and no buyer would want it known that they are interested in buying out company X. Such knowledge would put them at great disadvantage in negotiations with other companies, or even with buying company X at a later date....it alerts the world to the buying company' s interest in company x, alerting potential competitors who might be promted to entertain negotiations with company X.......The interested buyer has every right to keep its advances to a target company secret. The secrecy is part and parcel of discussions prior to a formal offer.

BuccaRooed wrote:

3.4 Disclosures by the target company

The target company must continue to comply with the general rules regarding disclosure and transparency. These rules include that a company must immediately announce all material changes. The facts surrounding the preparation of a public takeover bid or arrangement may constitute a material change. If so, the target company must announce this. However, the board of the target company can delay the announcement in certain circumstances. For instance, this could occur if the transaction has not been agreed to fully and the target's board believes that an early disclosure would prejudice the negotiations regarding a bid.

If if if. I'm not the one who misread what you wrote:


"If such an offer is made and rejected, part of the offer is generally that it remains a secret, as buyers don't want to tip their hand. So, we may never know if such an offer is trying to be negotiated."

Nowhere did you mention an informal offer, and if its not a formal offer then why present it to the bod. And "tip their hand" to what? The buyer is either interested in buying or they are not. Dont pretend to teach me how to do business deals either snowplow operator. Ive done plenty of them in my lifetime.

Dickbrain peek a boo er.



Bucco