(Disclaimer: Should there be a real ABCtoZ Corp., be it known that this is a hypotethical comment meant only for discussion purposes.)
Date 2011 October 30, noon Hong Kong time.
(Hong Kong) ABCtoZ Mining Corporation is ammending it's buyout offer to the shareholders of Noront Resources due to the original offer having been rejected by the Board of Directors of Noront.
The amandment consists of the share price now offered is $2.82 per share and a recommendation/bonus offer to each member of Noront's Board of Directors, a sum of $300,000.00.
This represents a quadruple price per share from last trading day for Noront and is the highest premium on percentage basis that has ever been paid by ABCtoZ Corporation.
Noront Board of directors having claimed that the ABCtoZ offer fails to compensate Noront for full value of its assets. But facts speak for themselves:
How often is a company aquired for four times it's highest share price of recent months especially when all stocks are now severily depressed in price due to world economy.
ABCtoZ is a global concern and is more than capable of building the necessary infrastructures necessary to the realization to full potential of Noront's resources. Along the same line, funding for further exploration and development should not be a problem. Therefore should a Noront shareholder choose to, switch the investment into ABCtoZ and realize full potential and security of investment in a global concern.
( Note, that the above is my highest price paid for a Noront share, hence the reasoning for it chosen, Lol. ) Ed.