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11:52
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Originally posted by Koala1959:
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If it is some sort of an acquisiton offer which you would have to assume is likely given the phrase "potential control transaction for the Company" the interesting choice of words might imply if it is an offer then they may be only looking at something over 50% and not complete acquisiton (perhaps influenced by FIRB considerations). If this is the case while I am very bullish about ESS's future the post "control" regime for retail shareholders might not be attractive. I am currently invested in 2 companies which have transitioned to one major shareholder which while under 50% still effectively have significant control given the remaining shareholders as mostly retail and the information flow, SP appreciation and market interest IMHO has been affected.
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Gosh, 80/85c would be a deep dissapointment. Personally I was happy to ride this a cple years. Now we are faced with the possibility we will have to sell our shares prematurely, way below its ultimate value.
