TSXV:CART.H - Post by User
Post by
nozzpackon Jul 13, 2022 7:45am
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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..