RE:RE:RE:RE:VOTE OR YOUR OPINION DOES NOT COUNTswpb wrote: toorisky29 wrote: So quite possibly Monday we have news.. or sometime during the week? What are the predications here?
My prediction (dont take it to the bank):
Possibility #1
The vote to accept fails. F regroups and considers the outcome and waits for Candente mgmt new plan. Since F has substantial stock, they propose raising the stock price they are willing to pay to 35cents for the 25%.
Candente proposes another vote.
Possibility #2
The vote to accept fails. F regroups and decides to wait for Candente mgmt new plan. F wants to wait them out. Candente considers offers from other interested parties (if they exist). BHP decides to provide funding at 35 cents for 25%. This is a problem as F has 19% and BHP wants 25.
Possibility #3
The vote fails. F regroups and decides to wait. Candente mgmt considers alternative funding possibilities not requiring selling out the farm. F gets annoyed and plots to remove all mgmt at the next agm. The vote is not as muted as the last agm and F is voted down. BHP starts to get more interested and opts for 25%.
Possibility #4
The vote is passed. F eventually takes over Candente for 45 cents per share.
well said..... sadly I think most likely is #4.... F knows that most retail is compliant and easliy convinced, or apathetic and busy.
Hope I am wrong.... this was a crucial step in what we get taken out at, our chance to be heard.