Friday, October 20, 2017 12:34:05 PM
File a "Binding Letter of Intent" with a monetary penalty clause for not closing.
- so if Amerop doesn't perform what they say they will in BLOI, Amerop would pay a penalty. This happens often with investors and target companies. Stops the foolishness of trial balloons and wasting time without recouping damages.
Amerop could also just file a legal "Tender Offer" at $1.96 with the clear parameters that they will buy up to X amount of shares or with a minimum threshold of acceptance.
Again very common.
Current MSLP shareholders could choose whether to submit their shares for the tender price or not. If not enough shareholders choose to tender, Amerop could raise their tender offer bid PPS.
Nothing stopping either of these options other than Amerop has clearly choses to release a simple NON-BINDING "expression of Interest" with no credible expectation of performance.
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