RE:RE:RE:Going 100% HoStile TO?carterZ21 wrote:
"I understand your disappointment......."
Good day to you Mr. carterZ21..........As i do appreciate your sympathy in this "unfortunate situation", the fact remains that IF you're NOT a Xp'd, knowledgeable investor like myself ......and a Riot s/h along with that......you TRULY don't understand my plight and the level of frustration .....AND "disappoitment" i feel right now with Riot's mgmt.......and this crazy, ill-thoughtout attempt to TO S Farms......But thank-you all the same......for your comments.
"however, consider this situation. RIOT may not be overly concerned if in fact BITF does have other potential suitors."
I hope so....but at best....that idea is probably a long shot as the list of potential suitors isquite short. The reason for that is 2 fold. First, there's ONLY a handfull of companies who have the monetary capacity to make expensive deals like this. Secondly, the financial component & figures of these deals when compared to other options like organic growth, does NOT add up and makes even less sense. Unless the target being acquired is going to be acquired a VERY steep discount. .......Which is NOT the case here....
As for OTHER suitors.....the only other suitor that has the financial means AND the motivation & reason for doing so....would be Marathon. As they already operating in Paraguay themselves. But even they seem to be very unlikely to bid for S Farms. Why you ask? Because IF they were interested & wanted to buyout & takeover BITF's facilities, they would have done it long ago. AND.....they would have not considered other options.....like going to other jurisdications like Kenya or Sudan or whatever African country they are headed to ....to open a new "oranganic growth" facility at....
So ask yourself this......If someone like Marathon who has the most reasons to bid for S Farms, WHY didn't they? I think it should be clear....why they did not!
"If we infer that other companies also see compelling value in BITF, it is possible that a superior offer may surface and should RIOT not wish to match/or improve the offer"
Following up your comments AND the explanation i gave above......Let me just add that there will probably be NO additional offers by other miners for S Farms beyond what Riot has already offered. The only real possibility, is that Riot is in somewhat of a bind right now with the mess & miscalculation they got themselves into....AND they are desperate enough to forge ahead with this stupididea of their and "slightly" raise their bid to maybe somewhere between $2.50-$2.75 to entice investors to sell & go along with it.
"Perhaps it was a calculated move on their part from the outset.....just a thought."
Nope.....it was a stupid AF move on the part of Jason "PokerPuke" NoLess & Crew becauseof GREED. Imh, and all likelyhood, this deal was put into motion because RIOT KNEW they would achieve certain goals/miestones/promisses they had made & set out......through ORGANIC means......Thus....in order to HIT those goals ....in time.....and as promissed.....to not only assure investors they will accomplish what they said they would do.....BUT....also to "trigger" their lucrative bonuses for hitting those goals.......which the latter is probably the MAIN reason for going after S Farms........makes this even more FRUSTRATING...and disappointing....
I hope after this explanation, it clarifies many things and you'll better understand my POV and hopefully sympathize even more as a fellow investor...
GLTA