La Mancha Resources Inc LACHF

Voting options

[stocktrader1407]

I recently got the voting circular with respect to the buyout. Option 1 is to tender the offer at CAD 3.50 and Option 2 is to just keep the shares. I am opting for option 1 obviously. Just wondering - If someone does indeed elect Option 2, what does that mean? Does it mean you just have the shares sitting and won't be able trade? Thanks.

[BearBullBrian]

When the buyer reaches a certain threshold of bought shares (90%, I think) they can then force the holdouts to sell at the offer price. However, if the buyer doesn't reach 90%, the minority shareholders have some power and have to be dealt with, or the buyer can chose to more or less ignore the group until they have to take important decisions. I've never heard of a situation where holdout

[BearBullBrian]

When the buyer reaches a certain threshold of bought shares (90%, I think) they can then force the holdouts to sell at the offer price. However, if the buyer doesn't reach 90%, the minority shareholders have some power and have to be dealt with, or the buyer can chose to more or less ignore the group until they have to take important decisions. I've never heard of a situation where holdout

[stocktrader1407]

Thanks for the explanation BearBullBrian. Much appreciated!

[stocktrader1407]

Voting deadline is this week. Please do not forget to vote, if not done already!!