RE:So the company confirms what contrarian told us.or...as contrarian also said... are thet tendering the 2% to themselves?? and thus will come out of it with 5% having only REALLY bought 3% more. First come first serves makes a lot more sense in this context. If they tendered their shares first. They are in with their 2%. Weird. Can't wait to find out the actual results.
rkhosla wrote: They own 2% already. They are buying another 5%. In the end they will own 7%. Whoever 'they' are collectively. Because sc2 did not exist when they acquired the 2%. So it is a collection of interests etc. I would have thought sherritt would have been slightly flattered that former employees are showing interest in the company and willing to put some skin in the game.