Lol interesting threatening
$Adverum Biotechnologies(Delisted) (ADVM.US)$management just say, hey if you don’t surrender your shares, LLY will bankrupt the company by the loans they obtained. Come on, don’t be this cheap. Who the hell investment bank LLY hired, so naive. If you try bankruptcy to steal company, firstly LLY have to share IP with other debt investors. Secondly, Unlike real business, the interest can be huge for many years lawsuit that defame the whole company (already a big winner). Bio typically has good offer and huge premiums to settle possible future troubles. Including the threat, any wrong doings will offer current shareholders a better position in possible lawsuit.
Anyway, my broker allows me to CHANGE before Friday evening. So I just set it to tender. If someone counter offer, I can cancel. Don’t have much hope though. The counter offer is at best like 2 dollar extra.
By the way, by threatening shareholders instead of negotiating better terms, the management and board will find extremely hard to get hired in C Suite in future. Typically people do ugly
corporate action when they are about to retire, or they are just thug from begining. In Bio and Pharma, please, Dr. should be honorable people.
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ColdJoke OP : Unless 4pm surprise, I am going to tender. Tired with LLY that I sold at 250