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Ann: TNK Further revised indicative proposal from Busy Bees, page-11

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129 Posts.

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08/04/21

11:01

Post #: 52324494
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Originally posted by Sterlo81828386: ↑

It looks as though it will be decided by a vote of Independent Securityholders (shareholders excluding matthew edwards). the other main shareholder, Alceon - 20% holder, says it will support the offer. If you take matthew edwards holding out then ,,, without doing the exact numbers,,, Alceon must go close to a controlling vote. I would support it. majority wins like an election .... so yes you would then be "forced" to sell under those circumstances

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Busy bees now hold over 22%, this will be a done deed. Cannot see this going any other way.

Either sell early and reinvest elsewhere, or wait for the forced take over and get $3.20 (assuming nothing comes up in Due Diligence)

TNK Price at posting: $3.06 Sentiment: Hold Disclosure: Held
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0 Great analysis

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