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Carcetti Capital Corp V.CART.H

Alternate Symbol(s):  TPNEF

Carcetti Capital Corp. is a Canada-based company. The Company operates through the oil and gas industry segment. It is focused on seeking a new business opportunity.


TSXV:CART.H - Post by User

Post by nozzpackon Jul 13, 2022 7:45am
146 Views
Post# 34820011

Requires Voting approval of minority shareholddrs

Requires Voting approval of minority shareholddrsThis buyout  was non arms length by two insiders.

As all of our business was sold, this will require a vote of aproval by non-insiders.

That is, they must get the approval of the majority of the minority ( non insiders).

This is an exceptional deal for those two insiders, acquiring all of our assets for assuminfg liabilities of $2.25 million US.

Expediting the Ukraine morass is certainly very beneficial.

However, it has always been my view that we would be better off using our cash and equity to acquire a cash producing asset.

This option cannot be ruled out..
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