Final thoughts on the subject.
FQM needs about 3,160,000 additional shares to reach 66% of the fully diluted INM OS. The volume of trading today on INM, that is already six times the normal volume, can be attributed to traders who are going to tender their shares for the quick dollars. It would seem therefore the FQM will pick up over 2,000,000 additional shares tendered just from today's settlements. As long as the INM SP is low enough to make a trading profit this will continue for the rest of the week.
Therefore it is not much of a gamble to say that FQM will be successful and be in a position to file a Subsequent Acquisition Transaction that will force the remaining INM shareholders to sell at the offer price. If they fail to tender their shares under the offer, they will lose the tax free benefit and will have to wait for perhaps six months to receive their money. Even the most clueless of our posters should be able to see that that is not a good deal, and that INM shareholders need to tender their shares before the deadline.
Now that this is over...we can go back to PTQ specific news. Q3 numbers are next, followed by that new Corporate Presentation, the LP NI 43-101 and just maybe PDI spin out before we move to calendar 2014. I guess the Red Kite Loan got lost in the shuffle.
AI
