Post by
hawkman1969 on Jul 29, 2021 10:22pm
Uppgard offer
Just saw a tweet that they upped the offer to buy 270 million shares but I can't find the news release. This makes sense as they would now have over 50% of the shares and take control of the Company. I still don't 100% believe, but I am getting more optimistic. Hoping for the best. Good luck all.
Comment by
bayoubucks on Jul 30, 2021 10:39am
If Canadian law is the same as the U.S. regarding financial consolidation, a company must own 80% or more of the outstanding shares in order to file a consolidated return. Otherwise, it's just carried as an investment on the balance sheet. That would mean Uppgard would have to up the shares purchased substantially. Any accountants out there that can confirm this?
Comment by
YouLieTransit on Jul 31, 2021 10:42am
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Comment by
bayoubucks on Jul 31, 2021 5:53pm
If you can't file a consolidated financial statement you can't include the earnings from PQE, you just have to carry it as an investment. Does that help?
Comment by
YouLieTransit on Jul 31, 2021 8:20pm
This post has been removed in accordance with Community Policy