OTCPK:BIBLF - Post by User
Comment by
Puma1backon Dec 16, 2022 1:47pm
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Post# 35176332
RE:RE:RE:RE:Buy out
RE:RE:RE:RE:Buy out I am very close to selling into this deal now- they did get a match offer clause but that is a no brainer otherwise the board would be sued.
i would like to see a competing bid but who else needs a cdn foot print - on the flip side, at least we don't have a buyer whose pockets are deep so we dont have closure risk.
zooweemama wrote: Disapointed to see only $4 offer but I brought it a while back fully expecting some big brewing will buy it someday. Not sure what "value" managment says the company is unlocking at this price but considering about 40% is owned by management, it is going to get approved. The offer is a low ball and managment wants a quick cash out.
There is a lot more value then $4 in the long term I think but short term is the inflationary pressure made them throw in the towel early. WBR has a good postion in Ontario. Hopeing some other will step in to improve the offer.
Would avoid Big Rock - Very close to bankrupt as managment states they are ongoing concern for Big Rock to operate.