GREY:WFREF - Post by User
Comment by
Reflecton Jan 19, 2016 10:20am
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Post# 24471641
RE:$10m Escrow Terms
RE:$10m Escrow Terms
Again Bluecollar51 What are you trying to twist again. LRE mgt. recommended that voters accept the MIE deal & said they would send out a circular & a vote would be held.
Yes, LRE could terminate the deal with the approval of the vote of all shareholders - not just "certain shareholders."
That's what it means - not what you twist it to mean. LRE CEO Andrew & the LRE BoD along with unnamed purchasers & certain shareholders illegally acted in cancelling the deal & embezzled 10 million dollars & acted with conflict of interest.
And secondly, where does MIE say they could not come up with the money.
The proper & legal thing to do was to hold the vote. If other parties wished to offer a better deal I think the voters of LRE could easily decide which was the better deal. But the pending offer would have to be credible & binding & secure not just a fllippant agreement with ands, ifs & buts & approvals with no monies on the line. What kind of garbage is that.