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Posted On: 05/21/2017 5:13:16 PM
Post# of 29
$EGT my 1st ever [url=]14D-9[/url]
This legal stuff makes my neck itch.
$EGT climber bull flag $2.19
Website ultra low float 4.4M
Bot $2.23 [url=]10-Q[/url] 5/15/17
< Excerpts:
< Offering company is parent of $EGT Ref: $2.35 a share.
< Melco and its subsidiaries beneficially already own an aggregate of approximately 64.8% of the issued and outstanding Shares
< The Board has not obtained a fairness or valuation opinion with respect to the Shares from an independent financial advisor and, therefore, cannot provide independent assurance that the $2.35 per Share Offer price reflects the intrinsic value of the Company or represents a fair value for the Shares.
< The $2.35 Offer price represents a premium of approximately 42.4% over the closing price of the Shares on April 18, 2017, the last full trading day before Melco filed an amendment to its Schedule 13-D publicizing its interest in acquiring all of the Shares of the Company;
< Based on the advice of its financial advisors and legal counsel, the Board does not believe that a sale of the Company is a viable alternative, given that the Company’s principal assets are cash and an early stage social gaming platform.
< Yet the Board's official position is neutral on the proprosal.
< CEO would receive $117,950 and CFO would receive $21,039 in exchange for their presently vested and unvested options.
< Uh oh would delist from Nasdaq.
This legal stuff makes my neck itch.
$EGT climber bull flag $2.19
Website ultra low float 4.4M
Bot $2.23 [url=]10-Q[/url] 5/15/17
< Excerpts:
< Offering company is parent of $EGT Ref: $2.35 a share.
< Melco and its subsidiaries beneficially already own an aggregate of approximately 64.8% of the issued and outstanding Shares
< The Board has not obtained a fairness or valuation opinion with respect to the Shares from an independent financial advisor and, therefore, cannot provide independent assurance that the $2.35 per Share Offer price reflects the intrinsic value of the Company or represents a fair value for the Shares.
< The $2.35 Offer price represents a premium of approximately 42.4% over the closing price of the Shares on April 18, 2017, the last full trading day before Melco filed an amendment to its Schedule 13-D publicizing its interest in acquiring all of the Shares of the Company;
< Based on the advice of its financial advisors and legal counsel, the Board does not believe that a sale of the Company is a viable alternative, given that the Company’s principal assets are cash and an early stage social gaming platform.
< Yet the Board's official position is neutral on the proprosal.
< CEO would receive $117,950 and CFO would receive $21,039 in exchange for their presently vested and unvested options.
< Uh oh would delist from Nasdaq.
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