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Bullboard - Stock Discussion Forum GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation... see more

OTCPK:GBGPF - Post Discussion

GB Group Ord Shs > 38% lockup
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Post by 3yearpotstocks on Nov 15, 2017 8:50am

38% lockup

Golden Opportunities Fund was the only shareholder with >10% (18.57%) ownership listed in the prospectus. The fact that they had 38% of the existing shareholders agree to a lockup brings them a lot closer to the threshold (66.67%) they need to takeover.
Comment by thorgb1 on Nov 15, 2017 10:30am
Kind of a slick move by ACB to lock up the Golden Opportunities shares. Makes it that much easier to get this done. Without that lockup, I'd think this proposal fails, but with it in place I think it will be hard to stop. Barring someone else coming over the top, We can hope there will be some negotiation and we land on a friendly price around $30. If it happens at $24, not the end of the ...more  
Comment by Skater on Nov 15, 2017 10:36am
How do we know Golden Opps is locked up?  If they are, ACB still has a long way to go to get to 67%.  If they aren't, then they are the gorilla in this deal...
Comment by thorgb1 on Nov 15, 2017 10:49am
It is illogical to think it is anyone else. 
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