Sea Harvest won't get the 50%, it's looking like they won't even get anywhere near it.
So selling to them is a waste of time, and when they fail there will be ample opportunity to pick up more for less than 30 cents (I believe).
It's just my guess, and of course I could be wrong (and often am).
I don't mind belonging to MTM if Sea Harvest actually had 50%, but the bid was way too low, as I've mentioned, I would have considered at 45 cents, these boys haven't even bought in their first season yet, let's see what they can do first.
The question now is, what will Sea Harvest do after the bid fails?
Will they sell out, will they make another bid, will they do nothing, will they buy more via a brokerage and bide their time - it will be interesting to see.
Gw
MTM Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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