250,000 shares represents 0.06% of the total Bulls Eye shares numbering 445,599,851.
With them total acceptance would have been 49.43%. Without them it is 49.37%.
Taking Xinhe offer of 31c/share for 250,000 gets them $77,500. (They only get 35c if Xinhe capture 40% of the shares) So they have to wait to find out what they will get. Take the EMR offer, then sell at last price $1.23 for 73,000 would get them $89,790. ($12,300 more)
If confirmed in writing, they get the EMR shares in 2 business days, and can sell them immediately.
Doesn't make sense. After another 2 weeks at the closing date EMR shares should rise exponentialy.
Maybe they will come back.
Is the Hong Kong Xinhe/AuXingao making statements of what their current shareholding is? What is their acceptance rate?
Bet they are not, but they should be.
Any Bulls Eye people here, know how they are doing with their takeover bid?
I think there will be a last minute rush of Bulls Eye holders accepting the EMR offer.
EMR Price at posting:
$1.23 Sentiment: Buy Disclosure: Held
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