RE:Gold Manipulation?MVargas wrote:
A comment on potential buyout of VGCX sometime in this year:
My reading of the agreement with Orion is that they are prevented in making a takeover offer or accepting an offer for their shares prior to Oct/Nov this year. However if someone like Agnico-Eagle were to go to the VGCX Board with a takeover offer that VGCX management and the independent directors consider to be a fair offer and recommend that shareholders accept the offer, then the Orion directors would be obligated to vote with the BOD. I don't know if Orion can be forced to sell their shares though if the offer is not acceptable to them.
I could be wrong, but that is how I read it.
MVargas - this was the purpose of the agreement, your reading is spot on! Thank you!
GLTA