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The valuation on the Radiant deal is flawed and apparently all efforts by other parties to put in bids have been met with resistance from their not very independent committee who was set up to evaluate this deal. I personally know one party who has experience on this first hand. They want to put a bid in over $ 0.85 but have been ignored by the board which consists of Campi''s buddies (The Maxam guy). Sucks to be a shareholder. It would be good to have the OSC and BC regulator actually do something about this. t |
