I thought the supplementary bidder statement only be used for extension? Now they used it as the reminder letter too? Like I said, he managed to grab around 11 k shares since last update and the amount is too small so they had to put up this letter to scare more people. My opinion.
I still think they will extent all the ways to September or till they reach 90%. Logically, either you take 84 cents/share when he reaches 90% or if he fails, we can ask for higher price on the market or through bidder, later on, is a much better solution then to accept to the offer right now. Accepting right now is not logically at all and I don't like the IBC's recommendation at all.
Hold on guys!
My opinion.
PGH Price at posting:
85.0¢ Sentiment: Hold Disclosure: Held
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