You must be joking. Usually in takeovers the company being taken over actually appreciates in price (i.e. sell OIP, buy GGX). The fact absolutely nobody is getting in line to even bid for GGX completely goes against everything you are saying.
Considering GGX shareholders are in fact picking up all of OIPs assets for free (except for their cash and hence are getting the better deal here) this suggests a diametrically opposed position to your statements on this thread - that there is absolutely no confidence whatsoever in management to generate value from either OIP's assets, or for that matter GGX assets. If the market did have confidence GGX would be going up in price because shareholders are about to get access to a war chest to develop GGX's Phillipines tenements, just for starters.
Coming on to this thread and railing on about 'getting your facts right' and using arbitrary, inductive reasoning to support your position reflects the emptiness of the argument supporting the merger.
JT
OIP Price at posting:
9.0¢ Sentiment: None Disclosure: Held
