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17/10/14
17:15
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Originally posted by Sdaji
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If by 'Sundance' you mean the directors, their preference is irrelevant; they don't need to agree to it for it to happen. Sundance is owned by the shareholders, not the directors. If someone wants to buy Sundance for around a billion dollars now they may well get it, even if the directors unanimously are as against it as is humanly possible. If someone puts an on market bid around $1.50+ they're going to find a whole heap of sellers at the moment, and if they get enough shares we just don't have a choice but to hand ours over too. At $1.70 right now I'm sure they'd get us (perhaps even with endorsement from our directors). At $1.50-1.60 I think they'd have a strong chance. Even at $1.40-1.45... maybe, considering the current fear. I'm sure many holders would love to be able to get the price they could have had a couple of months ago.
All in my own humble opinion of course.
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With respect, don't underestimate the desires of directors in any company. The directors are making the decisions on behalf of shareholders. They are steering the ship and can steer left or right or do u turn.