I am not selling ben1919. That has never been my intention. If I wanted to sell, I would have sold out quite a long time ago when the sp was at higher levels.
I am just explaining what the real procedure is, how it works, and how it has to be followed for the ones that are interested, simply because I believe that I know what I am talking about. The only way that Arrow will increase the offer IMO, would be for the current SoA to be scrapped, then reissue a new one, and then going to the Courts for approval again, and then given out to the shareholders in order to absorbing it properly before making a decision on how to vote.
Reason being that the SoA is not issued by the bidding company, but by the vendor company itself with the recommendations therein, and it has to be approved by the Courts as well before being announced.
Alternatively, the current SoA will have to expire before a new one will be issued with a new offer.
On the other hand, a takeover can come in, but it would have to have the full support of the board before it has any hopes of succeeding. In all of my years of investing though, I have never experienced a takeover bid coming in against a SoA. I have experienced quite a few Takeovers were another bid came in to make things interesting, but never where a SoA was in place. PES for instance, was one of the very interesting one. But, anything is possible though.
Finally ben, if you want to believe otherwise, it is your choice and full prerogative. So please DYOR.
Thanks for the good bait anyway.
Regards
BOW Price at posting:
$1.50 Sentiment: LT Buy Disclosure: Held