1) is a proposal from a party which has conducted extensive due diligence on the Company;
2) WestSide is facilitating access to final due diligence information; and
3) Westside have agreed to a three week period to allow time for further due diligence and negotiation.
This is not an even bet - surely this is a company that wants a deal to come to a mutually acceptable conclusion - they are doing everything they can to make this happen.
The make-or-break seems to be the information that they have 3 weeks to digest. Hopefully that's worth a final and firm offer.
WCL Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held