..looking back six months, anonymous sold 50,000,000 shares while only buying 20 M..with one other big net seller. I guess juniors are prime for takeouts with fast moving traders taking large positions...I thought i read recently that ETR had received near $50,ooo,ooo upgrading and even showing over 4M last QTR. Analyst are calling for a lumber boom with saw mills running 3 shifts..PS" just when the forest looks green, a black haze moves through,,,why so cheap without prejudice Traps7
The special committee of the board of directors of Eacom, following review of the terms and conditions of the offer, and consideration of a number of factors, unanimously recommended the offer to Eacom's board of directors. The special committee and the board of directors have received an opinion from each of Canaccord Genuity Corp. and Sanabe & Associates LLC that as of the date of the opinion and subject to the assumptions outlined therein, the consideration payable to Eacom shareholders under the transaction is fair, from a financial point of view.
Eacom's board of directors, after receiving the recommendation of the special committee, has unanimously determined that the offer is in the best interests of Eacom and its shareholders, and unanimously recommends that shareholders accept the offer.
The directors and senior executive officers of Eacom, as well as certain significant securityholders of Eacom, have entered into lockup agreements with Kelso, and have agreed to tender all of their common shares (including common shares issuable upon the exercise of options and warrants) to the offer. Common shares representing approximately 44 per cent of the issued and outstanding Eacom common shares on a fully diluted basis are subject to the lockup agreements....................................