RE:RE:RE:RE:RE:RE:RE:RE:This is huge let's help each otherFoMoMoFo wrote:
HI Tiger, What would happen if LPI doesn't start listing on a Canadian exchange and my online broker doesn't support the Australian market?
Tiger is busy now....but I think he will agree that though, theoretically it is possible, this scenario is very, very unlikely. I do not see this as a risk.
Legally, this is just a small headache, because BRZ is already listed (need to change legal name and get couple permissions - my guess).
It is uncommon to be listed in few exchanges to get more exposure to capital (Franfurt and American Pink Sheet are most usual for developers) and companies are doing for much lesser benefits compare to one BRZ to LPI can offer (100M shares, $26M).
In fact, it would be a lot more difficult to get rid of us. Many would vote NO jeopardizing merging and even if deal would went through anyway, LPI would have to issue 70M or so shares just to pay us off. Such dillution (without getting any cash in) woud tank their shares too, so they would have to issue even more shares to compensate (unless they will fidn private placement for for $35M or so, which is not that easy).
In summary: between benefit of having presence in Canada vs. headache closing it down, they would choose benefit.
I am selling my other securities with good potentials to buy BRZ. At this price, I see it as buying cash at discouted price (of course, assuming the merger would work out, Li will still be needed, and Lenin won't take over Chili any time soon)