"...the offer will come in at close to 2.00 a share..."
The company is bordering on insolvency, and you're suggesting that a takeover offer might come in at $2.00??
LOL.
There's 3.15 billion OZL shares....at $2.00 a share, that would value the company at $6.3 Billion...OZL are having difficulty refinancing $500M, and you're suggesting that someone may come in with a $6B takeover.
And $6B for what???
Let's say $2B for PH - absolute extreme!! The ZFX assets - who would want them?? Martabe $300-$400M Sepon $500-$600M GG $200M
I would think that if an offer of $1 came in at this point, there would be plenty of acceptances.
OZL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held