Post by
materialsgirl on Nov 25, 2015 1:24pm
Thank you CSE
The 6% rise in the AXY price today is primarily because of the rumour that AQN will buy CSE.
Some investors are thinking that as soon as CSE is taken out of its misery another company will off to take out AXY.
Ross Beaty would then be in a pickle if he did not want to sell. He would have a fiduciary duty to other shareholders to act in their best interest, What would happen? It is not clear.
mat
Comment by
veracruz on Nov 25, 2015 4:12pm
Ross will not be in a pickle but rather will be swimming freely in the jar. He does not have a fiduciary duty to do what you think is best. And when it comes down to it, he gets a vote and a say. There have been many opportunities never presented to common share holders. Bottom line is..... You're just stirring the rumour pot for yourself, not the good of the company.