Post by
Ingiboy on Feb 25, 2024 10:57pm
Privatization
I have posted before there are 3 ways a publicly traded company can be privatized in Canada:
1. Plan Of Arrangement
2. Takeover Bid
3. Amalgamation
It is my opinion that if the management goes the route of Privatization it will be option 1 (Plan of Arrangement).
What is a Plan Of Arrangement ? This from BDO:
"A plan of arrangement is a court-supervised restructuring process carried out by the target public company's governing corporate statute. A plan of arrangement is typically negotiated between the prospective purchaser and a target public company's board of directors. Shareholder approval is required as well as court approval, which requires the court to determine that the terms of the arrangement are “fair and reasonable” to the shareholders of the target company."
As you can see there are government safeguards in this type of Privatization for the shareholders.
Comment by
toniZ1 on Feb 26, 2024 2:31am
Hey glass ball gazers ;-) We simply have to wait... those discussions are of no benefit anyways....
Comment by
Ingiboy on Feb 27, 2024 11:25pm
Hey toniZ1 not sure if I understand your post but regardless I am not sure about the rest of you but I am tired of the "wait".
Comment by
bluemoons20 on Mar 01, 2024 10:18am
Looks like some folks are DUMPING today?? Announcement soon?? GLTA
Comment by
bluemoons20 on Mar 02, 2024 9:40am
Currently little GAME going on here?? most of stock trades during the day @ 0.05 and then at the end about 1000 shares trade @ 0.07 and it shows 90 plus thousand traded and price UP on the day. A lot of smoke and mirrors going on here!! GLTA
Comment by
BellEnd on Mar 02, 2024 1:32pm
This post has been removed in accordance with Community Policy