No real incentive for shareholders to accept the 1.90 offer. It's need to be above float price around 2.30 to 2.40 even if it's fundamentally worth much less than that. I find grant samuel's valuation a joke really.
PRK main goal is to gain full control. Full ownership is secondary so the 1.90 offer may stay there for awhile.
This takeover might drag out for ages.
big buyers , page-9
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