Exactly and that is where I suspect the real issue is and that is it made Metal X look silly they they had agreed to be on the hook ("binding") when a little fish like TAM wasn't in any sense except to present the offer to shareholders - NST walk in after Metal X laid out the blueprint for them and kicked sand in their face by using a similar offer but with more cash.. for me this seems about who can p_ss the highest and Metal X has the cash to tie TAM up which also ties NST up to a degree so it sounds like tit for tat which is so ridiculous IMO......
I've read that Metal X have lost a big investor recently who'd been around for close to 10 years and the TAM deal was quoted as a possible reason - I wouldn't be happy as a shareholder either when this was so easily fixed... IF that was the reason..
Why didn't Metal X simply match NST's offer? - they didn't even need to beat it because they had already begun the whole process - its not a good look and really raises questions for Metal X I would think because the situation was so easily managable by Metal X but instead they have tried to bully from all appearances and seem hell bent on continuing........smells personal really badly IMO
Nasty Pasties........ lawyers will be the winners no doubt....
TAM Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
