First of all, salt lake restructuring is beneficial to both companies in the long run. Potash fertilizer obtains resources, and the group obtains a large number of assets produced and sold. However, from the perspective of restructuring, it is obviously unfair to potash fertilizer, and the group is suspected of stealing the column in the pricing process, which also leads to the proposal of potash resource use fee not being passed at the end of 2008, and it can only be passed after the original opposition fund leaves and the newly approved fund enters the market. Therefore, the understanding of this integration on the second floor is not profound.
Secondly, the example of the impact of asset integration on the stock price on the second floor is inappropriate. The impact of restructuring on the stock price is reflected in the restructuring consideration. Assets with poor profitability can also have a positive impact on the acquirer's share price if the price is reasonable. On the other hand, the stability of Panzhihua Steel's vanadium stock price is not caused by the nature of its restructuring, but by the pricing of its future cash options. You said that people promised to give you cash at a price higher than the current market price in the future 1 year. Are you still willing to sell stocks? At present, many financial institutions buy shares in Pangang and then issue wealth management products. People are making fixed-income products. From this perspective, the current shareholder structure of Pangang is extremely stable. Do you think stocks that nobody buys and nobody sells may plummet and soar? So this example on the second floor is also inappropriate.
Thirdly, the cash option is clearly provided to the acquirer, namely Salt Lake Group, and the shareholders of Salt Lake Potash Fertilizer have no specific price for the cash option. There may be specific cash options in the future, but this may be a one-on-one negotiation process rather than a collective payment activity, so the rights and interests of shareholders may not be guaranteed.
The attitude on the second floor is serious, and I thank the landlord for his advice, but I think some places on the second floor are misleading, so I think the landlord should pay attention.
I didn't want to write this, but after all, it's your hard-earned money, and I think it's better not to delay you.