Gemcorp has only three days to respond? This is very much like an Auction. No word from PRM at $0.095, still with their 350M on market order. Since Gemcorp is SRXs largest SH, with 20%, how will the process of seeking SH approval on an offer play out? If ther even will be SH approval? Surely Gemcorp will push the envelope on price. Someone will have to swallow their pride here, but since when do big money managers do that? 30c would be a fair price. * Note that SRX management has not recommended that SH accept this offer, but they did talk up and paid the Gemcorp offer in a bright light and tried to sell it. This one is merely given matter of fact! I think this is a sign of the auction vibe here. I expect more counter offer to come, and so does the management IMO.
