A few thoughts about today's PR
1. Weak? Yes! But I think that if Sib Almaz didn't care about the shareholders or the pps, they wouldn't have released anything. Why bother with a PR if you don't care. Just let the pps drop and keep buying it up as people panic. I don't think they expected the reaction we are getting today from the PR.
2. Merger,buyout,takeover...it doesn't matter what you call it. Sib doesn't want to deal with a bunch of crazy shareholders in their company. They want to go private and they want to have the autonomy to do what they please. However, you label it, they want us out of their hair. That means surrendering our shares for a price. What price...we don't know.
3. They are putting some pretty high-end people in place for a company that is under suspicion for being unscrupulous. Why bother, why spend the time and money to do that. They are not worried about the $35M - $50M they spend for GBDX, they are worried about how to make 10 times that using the license and other assets of GBDX.
3. Given the fact that Sib has basically taken full control of GBDX it is probably a short time away from making its plans public. There is risk in either choice that you make with regards to selling or holding. Selling now is less risky and also offers some reward. Holding is more risky and potentially offers a large reward.
4. I along with my friends are holding fast. We collectively have 10s of millions of shares and we are not budging.
