Yeah will be most interesting if Pacman's counter offer is ever released to market. Further to that point though, could that counter-offer be trusted as genuine; given his history of making offers.
At the end of the day, this boils down to management level planning and having a genuine 'plan B' - if they had such a thing in place and made it known to the market, I wonder if Pac would have been as willing to walk away from his offer...
I mean at least all shareholders are now well aware of what a 'binding agreement' actually entails.
'sheet happens' could be the summary for GMC over the last 5 months.
GMC Price at posting:
4.2¢ Sentiment: None Disclosure: Held