Post by
newsimon1707 on Aug 29, 2017 11:10pm
THIS IS A MUST READ BEFORE YOU ACCEPT THE DEAL
https://hbr.org/1999/11/stock-or-cash-the-trade-offs-for-buyers-and-sellers-in-mergers-and-acquisitions
take 10 minutes and read this!
What they are basicaly saying, is that someone to offer a share deal like we have, it's because they estimate that their company is overrated and know / feels that they are not giving the real value to the acquired company... The risk for the acquired company is a drop in the market price of the acquirer, resulting in a drop of the value of each acquired shares...
exactly like we are experiencing! They also mention different options Bruce could have use to protect our interests, since he's our CEO...!
RIght now, we are at 0,14$! this is what you will be selling for if it stays the same, FCC's SP tanked so much!
Market isn't believing in the synergy of the group, reality is that the refinery will need around 35 millions to be put in working order... doesn't makes sens!
Market doesn't trust FCC's management right now to succeed...
CSK would have been easily profitable with the mill that cost peanuts and the stockpiles we would have been permited to proceed... Cobalt is going kaboom and CSK can produce quickly!
This is a painfull transaction... and I am not sure all shareholder's interest is being taken into consideration.
Good news is, 33% of the float can block this deal... ! let's force them to work a better deal for us!
Comment by
colorisgreen2 on Aug 30, 2017 12:55pm
No wonder they got rid of Bruce at Timins.
Comment by
newsimon1707 on Aug 30, 2017 2:08pm
Honnestly, seems like nobody believe in this story except Bruce! Investors are selling FCC's shares... and meanwhile, we are getting less and less for our CSK shares! At this point, what is the point of selling our CSK shares??? We won't get any premiums on where we use to trade! This is continuing to be a freaking joke! THEY NEED 66 2/3 OF THE SHARES FOR THE APPROVAL... VOTE NO!