They seemed to be striking a more confident tone with this ann today about getting an offer they believe will be accepted, don't you think?
A simple cash offer at an implied 12% premium to LLL SP would surely attract a lot of NO votes...AT LEAST the revolutionary mob. They've got to have something better up their sleeves..... Only four options I can see. 1. LLL scrip offer - surely gets 100% Yes vote 2. A Euro offtake seeker like Peugeot or battery maker like Northvolt - smacks down a 20% implied premium. - 80% Yes vote 3. An offer with a 12.5% implied premium (from a fund?)- A close vote - could go either way on a 50/50 basis? 4. The standard FFX BOD kind of Euro/Canna shafting of retail - less than 50% Yes vote. No implied threat from me at all, but if they value their mental well being, if not physical safety this would not be a wise move IMHO.
So surely they have in mind one of the first two options above. Can anyone see a car maker paying a 20% premium, on such a large chunk??
Anyone know BB's wishes for distribution V sale?
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held
