GREY:HCIZF - Post by User
Comment by
bearslayeron Apr 08, 2011 5:08pm
295 Views
Post# 18407276
RE: Strong Takeover Candidate
RE: Strong Takeover CandidateMore probably the owner will take it private - look how many shares he has and how much is free floating - not much around - taken from the annual report
Liquidity of shares
To the knowledge of the Company, there are two groups who beneficially own, directly or indirectly, or
exercise control or direction over voting securities of the Company carrying more than 10% of the voting rights
attached to any class of voting securities of the Company. One is the majority shareholder and the other is a
U.S. shareholder with more than 2.4 million shares. Since the position of these groups of shareholders when
combined represent more than 80% of the voting securities of the Company, the liquidity of other shares
trading on the Toronto Stock Exchange (‘’TSX’’) could be limited.
Hart and insiders own more than 60% of the shares"