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clock Created with Sketch. 05/03/18
12:29
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Originally posted by YDRA
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First time poster on HC but long term viewer across several of my holdings. Such is the precarious situation that PGO is in that I feel the need to post something. My position is that we should accept the offer. Not because it offers value for the worth of PGO, but there is little alternative. If people feel that the directors cannot act on the best interest of the retail investors now, what makes people think they will do so in the future? This sentiment comes from the actions of the directors through their agreement with the a) $400k break fee and b) the "customary deal protection provisions" which includes "no shop" restrictions. They have bound themselves to not even look for a better deal during this offer period (of which the time-frame has yet to even be announced).
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Gotta consider it, mate. That's the reality.
