"If the shareholders vote "no" and the puts are exercised you...

"If the shareholders vote "no" and the puts are exercised you know who will then own 19.9% of BSG?"



That scenario is fait accompli no matter what happens now, is it not?!!

I wonder what the BSG's shareprice would be now if the directors hadn't gone off trying to catch falling knives in a foreign land.

BSG would have smashed through $5 on it's own, easily, as it approached production.

At least a NO vote would ensure that a hostile takeover would be the only likely option available for Coeur to acquire BSG, and hence the likeliness of a better outcome and more value for BSG holders.

I wonder though if Coeur been accumulating in the meanwhile to add to the 20% locked in, in case the takeover is indeed rejected.