Details of PETITIONThe petition was filed by a shareholder of ROE invoking that buyout price is unfair.
Once ROE responds to the petition a court date is set.
There are no witnesses and all proof is submitted by affidavits and documents.
A judge will make a decision.
The chances of success for the petitioner are NIL as RECO has both shareholder approval 90% and more and, has a valuation report.
The petition could also be just another manouver by the shorts.
In any event, you can add this petition to the list of short losses.
Here is a link which explains the petitioner procedure, it is very simple and common layman person could file this easily.
https://supremecourtbc.ca/sites/default/files/web/Defending-a-Proceeding-Started-by-Petition.pdf
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