In order for GLCC to send their advisors over there they have to have a pretty solid idea of what the buyout offer is and if you check one of there lastest prs they said it was fairly significant.
So I think they know a very good ballpark number of what they are willing to pay and Im pretty confident its probably close to 1.00 or more in my opinion based on what GLCC and Mona both paid for all there shares .70.
They are adamant that there share price should be closer to the 1.00 range as I asked IR in a email what they felt their stock price was worth and they said in there opinion 1.20 area NOW.
In other corporate updates, the issuer has received a number of inquiries regarding its buyout proposal. The issuer reminds its readers that it cannot prematurely release the candidate name. The issuer can however say that the offer came unsolicited from a publicly traded entity; it is a friendly one which in our opinion contains very favourable provisions and benefits. It is from a NON USA trading or a USA based company. The management and board of directors of Good Life have requested its North American corporate advisors to attend the candidate's offices in Geneva and to report its recommendations to the Beijing head office in July. http://biz.yahoo.com/prnews/080617/to303.html?.v=41 You State I doubt the European company has actually set a buyout price yet, since they would first have to review the full extent of GLCC's financials. At this point, they may just be expressing an "interest" for futher exploration.
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