07-20-2016, 06:12 AM
'kommonsents' pid='74256' datel Wrote:I have read Tree's posts here and believe it is clear, at least to me, that he is advocating a yes vote for each SUPERIOR bid to put pressure on the lower bid(s) to improve their offer, as is the case now with OSH/TOTAL original bid. So we support each SUPERIOR bid that comes along. I agree with that 100% and if you want more money for your IOC stock, you will agree as well! Of course, the only way we have to vote at this time is to vote NO to the OSH/TOTAL bid which has already been deemed to be INFERIOR! So vote NO on that offer! Tis simple, really, just vote YES to each SUPERIOR offer. I believe that is what Tree said quite clearly.
Somewhere in the middle of Tree's post he indicated that a "Yes" vote now would remain and counted as "Yes" for subsequent votes on "superior" offers. By the end of the post he seemed to be saying what you concluded about voting each time. But if bidders have only three-day windows, one is likely to end up with only one more ballot on the final "superior" offer accepted by the BoD. If TOT elects to enter, then we shareholders will just watch the elephants dance until only one is left.....then we vote.