I received a call from a 3rd party firm that was hired by PBTH to call all shareholders on file and ask them to cast their vote.
The person that called me also mentioned that the Board is recommending FOR vote on all counts.
I find this very odd that Prolor will pay a 3rd party just to call shareholders and ask them to vote. Now I am not sure what it all means, but I have a feeling that the vote is not a "slam dunk".
I am also very upset the Prolor gave my information ( Phone number and address only according to the person I spoke to) to a 3rd party.
Feel free to call the company that was hired 866-721-1371 and see if your information was given too...
Anyone has any input???
It is standard procedure. Most firm hire a proxy soliciting firm to remind the stockholders to vote, especially in such an important matter. IMHO they have the votes to approve the merger.
A 1/3 vote is al that is required from the shareholders. That my friend is a slam dunk, as 1/3 will not be hard to attain. You would have to be the biggest moron in the world not to vote for the merger. OPKO is a world class company led by a world class businessman and doctor (in Frost). The deal is done. Case closed. Greener pastures ahead for PBTH...
There was a news artticle I read where it stated that since Dr. Frost was a majority shareholder for both companies and on both boards that only a 1/3 approval was needed. (FROM PART OF THE ARTICLE, see below)
Frost is the biggest shareholder in both Prolor and Opko, owning 26.5% of the former and 50% of the latter. In contrast to Israeli law, under US law, Frost and his associates who are parties at interest in the deal are not banned from voting on it. This means that the vote by Opko shareholders is essentially a done deal. As for Prolor, the parties will have to secure a third of the independent shareholders to approve the merger.
Strange they would call looking for support as any stock not voted is counted as vote with the company - are you sure they weren't looking for a no vote? I have had no such calls.
Sentiment: Strong Buy
They are called AST Fund Solutions or the Altman Group. Interesting. Sounds desperate to me. Would not be surprised to find some of the OPK cheerleaders here are employed there...
I am not employed there, but I am a Pbth cheerleader because the deal makes sense for shareholders of both companies. I have 5,000 shares, and I voted my shares for the merger. It is a no brainer for anyone who wants to make money in the short term as well as the long term. I have been called by a number of firms in the past when stockholder votes are required because some people just are too lazy to take the time to vote. I never took it as an invasion of my privacy; it is just the way the system works. Since the vote is happening when many people are on vacation, I would expect this could contribute to forgetting or neglecting to vote. This deal is going to happen! IMHO!