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so your saying people who have already accepted can still sell...

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EnochRoot

365 Posts.

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14/08/20

20:05

Post #: 46555799
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Originally posted by Schmucky: ↑

They can declare the offer unconditional and then they will acquire the shares that have accepted to date and pay them $0.0505. They can walk away and return the shares. Given they have declared their offer price final and no increase is allowed by law.

You can sell on market and lock in profit and go invest somewhere else. Otherwise you risk them sitting on their hands and just extending the offer every few weeks until they get to the acceptance level they are comfortable with.

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so your saying people who have already accepted can still sell on market instead?

ARS Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
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