If shareholders vote no... what has Steve and Paul got as plan B? They must be confident to get the $50 mill.. very ambitious..
There will need to be a lot more information given out before $50 mill will be handed over .
I am sure Peros and Shappera will have positive spin , and compelling reasons why we as shareholders should vote yes.
.is it 50.1 % that has to say yes? or more than 80%.
The big question is what does OBJ see in this company that makes them want to pay $85 mill for it (well its really $62 mill as inventory etc is $23 mill)less the building , assuming its worth 12 mill.. so $50 mill...
Does the obj losses carry into the new company? So no tax payable for a while,
Its a way for the obj tech to be bought up cheaply by others .
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