Hypothetically speaking... If I were a GGR shareholder...
and KXL dropped anyehere near 15 cents or below between now and when I had to vote on this deal I would definitely vote no to this deal... why would I vote yes? My GGR shares were worth 20 cents even before talk of this deal and my company had a 1M oz Au resource with only 55M shares out... and now I am supposed to vote yes for a deal that would see me receive 1.2 shares of a decreasing share price company that will have 175M shares out?!... They may have some cash but price performance and track record to date don't say much for how they have used it (They can talk all they want about their expertise and experience in their videos but KXL performance certainly can not be used as evidence). No thanks would be my vote... again, hypothetically speaking if I were a GGR shareholder.
It is for these reasons IMO... KXL will NEED to deliver some news to move share price up over the next month (i.e. September) if they want to be sure this deal is accepted by GGR shareholders.
red911