Folks, with merger, AKBA outstanding goes from 57 million to some 115 million shares.
The AKBA 57 million O/S vs KERX 120 million O/S is total bs argument. In fact, the lower AKBA O/S was potentially chosen as a “calculated play” to draw upon AKBA’s shelf and issue some 55 million shares to acquire KERX — which, btw, can only be pulled-off by vanishing 62.5% of KERX shareholders holdings.
If you take AKBA’s avg. share price of +/- $10.50 during the past months, 55 million shares represents some $577.5 million to “steal” KERX. But again, it cannot be pulled off without first pick pocketing KERX shareholders to the tune of an outrageous 62.5% of holdings.
VIPGEM is a slimy despicable reptile, the “hooligan” crowd showing their true colors — admitting in his post what the proposed merger truly represents...
“the real end game is robbing you "62.5%" and you deserved it.”
ALL, in my opinion..