Re: The deal is done
posted on
Jul 16, 2020 05:42PM
Shash, I disagree with your possible interpretation of to whom "the company" refers. I think it's clearly Poet which is getting the more favorable terms. But I will wait for ABC to confirm that!
Leb, not sure that the hypothetical obstruction to our runway has much to do with the receipt of the final payment for the DL stock.
Given that the final portion of consideration (part cash and part sweetened deal terms, assumedly deemed to have aggregate value to Poet of $5 million), was received ten days ago without an NR, I can see a rationale for considering such changed terms as being not material for all shareholders. I do not agree with the decision, but there's an argument to be made for it.
irrespective of the above, it sounds as if the mighty consortium might have been a bit short on cash.
Again, though, I'm glad that the purchase part of the deal is done. But don't forget, we're in bed with these folks for what may be a long time so there's that. Great success will likely keep both sides happy, so let's achieve that success!
The spotlight can now be shone on whatever news may emerge between now and the time the Sunan deal is either done or abandoned.
Let's all stay safe!!