Correct me if I am wrong, in a listed market situation, CA price is not based on his price but the last trading day price. So let us say when RG is about to reach 90% and one rich guy turns up and buy everything on the market to $2-$3. So, shouldn't that RG must oblige to the price of last trading day of $2-$3/share? Of course, this is probably why RG is trying to delist the market to make it unpriceable. But then, shouldn't that goes down to the independent report ordered by the Court, and he will have to face bunch of sophisticated holders that know about the true value at the same Court and somehow get the Court to give him CA power like Richard said?
Maybe like leasx said, right now, just a tree shaking.
It is just situation is too complicate so I could be entirely wrong too.
PGH Price at posting:
90.0¢ Sentiment: Hold Disclosure: Held
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