Hostility

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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DNWL

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Hostility

posted on Apr 02, 2014 09:17PM

Consider the risk of a buy out at too low a price. Imagine a "plucked from the air figure" of $2.5 bn, offering approximately a SP of $12. If the board rejects then it coud be put to all shareholders. Here are some questions which I ask the forum to consider:

Who holds the patents on the POET R&D, the company or Dr Taylor?
Did some of these patents exist before the company's formation?
Would a buyer proceed without a guarantee of access to the patents?
Would the company be severly damaged by a shareholders acceptance of a board rejected offer as a consequence of resignations etc.
If any contracts exist (they may do) would they be honoured after a hostile buyout?
Does anyone know the legal position for the BoD in the event of a rejection under Canadian Law?
What risks does a hostile buyer take on in such circumstances?
Can I presume that no company would offer such a substantial amount without DD and, consequently, it would become common knowledge before any offer - can they do it silently?