The offer was probably always intended to be at 1 for 12.
They announce 1 for 18 and are able to buy all the shares they want at 4.5-5.5.......... now they increase the offer and GAU HAVENT EVEN REPLIED TO THE FIRST OFFER ON THE TABLE, which proves in my eyes this was a preplanned move to fleece people of their shares and make a quick 100%. Why would you offer more when there was every chance the offer would have been supported by GAU Board at 1 for 18.
leinad that sound so acurate!
GAU Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held