Gowest Gold Ltd V.GWA

Go private $.15

[prophetoffactz]

EOM

[laroplex]

OUCH!!, didn't se that coming.....game over for us retail holders....Capital loss for me.....GLTA

[Investor416]

This surprises me. After owning this for ever I will holding a glimmer of hope I would get something eventually. I guess it is a viable company or these shareholders would not be buying it.  so much for minority rights

[ozbob]

I know it won't mean much, but I just want to register my profound disappointment. The rich get richer, the little guys get screwed.

[Toweringmars]

Brutal, pretty much a capital loss for anyone who showed loyalty as they sold off the company to foreign actors. Anyone here post reverse split got wiped out entirely.  Frankly the company is a total flop IMO. Management, the boad, the whole slew of them. To have that many people with finance backgrounds in senior leadership and the board and they couldnt find financing at a time where gold

[ozbob]

What happens if  "a majority of the minority" does not vote in favour? Like, if all of us smaller guys start saying that 15 cents per share is not enough. Can we manage to prevent this robbery from happening?                                                 

[Toweringmars]

https://ccmr-ocrmc.ca/wp-content/uploads/61-101_cp_en.pdf Everyone will find out more when the meeting info comes out on Sedarplus.  Ideally minority holders vote against this, but clearly the company is putting up a white flag saying they're all too incompetent to find any financing. Especially when the existing group owns 91.5% of the company.  Its almost like the writing

[Tim2Agami]

Indeed the sticking point may be in article iii of the approval requirement The Acquisition is subject to approval by securityholders of Gowest. A special meeting of securityholders of Gowest will be called for the purpose of approving the Arrangement (the "Meeting"). Specifically, the Arrangement will require: (i) approval of at least 66?% of the votes cast by shareholders of Gowest,