RE:RE:Eric Nutall - BNN - HOLDMaxmoe wrote: I saw that interview. The AI bot didn't quite get it. Yes he said he owns millions of shares. Can't remember if he said 2 or 3. Doesn't matter. Yes he said he expects a new board. Yes he expects there will be a bid around 10.90 next year. No, he did not say he would own it that long, but neither did he say he'd sell sooner or tender or if $10.90 was his target or a fair price. He was fairly noncommittal and not at all enthusiastic. My read was he may dump any day now that it's close to 11 OR he may have ulterior motives. Maybe it's time for Eric to exit the rat race and run a mid sized oil sands business. I see no reason for the stock to drift lower barring an outbreak of world peace. Or maybe boredom with an illiquid name. I'll stick around for now
If the plan is to take out the minority, it doesn't take much to screw up that plan. Actually, the fact they own 43% makes it more difficult because the minority shareholders have to approve a bid. I'm familiar with the process from the takeover of hbc. They tried low balling, hard balling, and being cute but a couple large minority shareholders held out and forced a higher, fair price. No way this should go for $11 or less but we shall see. Meanwhile, I don't see much downside and if they play games and drive it to $8 , i'll load up. Exactly as I did with hbc. GL to us all