RE:This just in: Goodbye, Mr. KnishPitchinPennies wrote: R'uh r'oh. First 14 million shares bid at half-a-cent a pop. And now this news...
MEDIACENTRAL RECEIVES REQUISITION FOR SPECIAL MEETING OF SHAREHOLDERS
TORONTO, ON., October 15, 2020 - Media Central Corporation Inc. (CSE: FLYY, FSE: 3AT) ("MediaCentral" or the "Company") announces that it has received a request from certain minority shareholders to hold a special meeting of shareholders pursuant to subsection 105(1) of the Business Corporations Act (Ontario) (the “Meeting”). The stated intention of the Meeting is to replace the Company’s current Board of Directors. MediaCentral is currently reviewing the requisition and will update all shareholders as required. There is no action for shareholders to take at this time.
Well this is positive. Maybe the new deal hinges on getting rid of the CEO. I doubt large shareholders are going to allow this to flop and be delisted. That being said, it may be halted tomorrow at the request of the company until this meeting takes place. Could be worth a punt at one cent.