Jan. 23 at 7:05 PM
$PETS The second offer comes from Grant Cardone. He and his partners are offering
$4.25 per share. Mark that this is not a
preliminary, non-binding indication of interest proposal but a non-binding proposal. There is nothing between this buyout offer and its acceptance. Mark also that the insiders own less than 30%. The institutional with the retail investors have a wide majority and control the decision.
From today's prices, there is a 28% gain to be made here from this proposal. But even if this doesn't work, there is another offer at
$4 per share by a current shareholder.
This shareholder is Silvercape Investments Ltd, a Singapore based firm. And they are serious, because they have already acquired the 12.8% of the shares according to their December's 11th filing. They have bought shares during 2025 and they may still buying, which will be revealed with their next filings.
