TSXV:BTI.H - Post by User
Post by
ronrydellon Jan 18, 2023 10:20am
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Post# 35230442
Litigation option
Litigation optionI find it hard to believe that litigation or an injunction of some sort would happen in this lopsided deal that has such an adverse effect for the Bioasis shareholders. When a firm hires an investment banker to hopefully enhance their current situation they are hired to help the firm that hired them as opposed to using there exclusive mandate to enrich themselves in such an egregious way!
There are blocks of shareholders currently teaming up to study alternatives (the 460 page doc that describes the circular that Bioasis put out) and is being studied currently by well healed current shareholders who will decide how they vote. I can't predict how it will turn out but I don't think the the people controlling this deal will not want to walk away as opposed to revising and sweetening the deal for the much maligned Bioasis shareholders if an affirmative vote bringing the deal to fruition is perceived to not happen in February, 2023
all in my humble opinion.