Share price after board meetingHi
I heard that Pershimex board of directors were meeting on the 20th of september and
were available to shareholders for questions or concerns about the merger.
For now the shares at 0.025c for PRO = 0.025 divided by 0.57(convertion)= 0.0438c of Abcourt.if the merger is done.
Both share prices are depressed by the same amount , so the merger is still comparable to the original value evaluated by both co boards members. in the past.
So my feeling is that both co still has the same reasons to accept the merger .
Why have we not been provided the voting date for the merger.
The target date for the voting was before end of september.
Not many days left before end of september.
I have a position in both co.
For now i own 2.6m shares in PRO and 12m shares in ABI . So i am in a position to profit from the merger or profit from the no merger.
I am still undecided to what is the best solution.
Fernand