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7936567 Canada Inc SWYDF

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.


GREY:SWYDF - Post by User

Bullboard Posts
Comment by moneydazeon Dec 15, 2009 11:17am
389 Views
Post# 16588380

RE: Takeover

RE: TakeoverAlright,

All that an entity need do in order to takeover a company listed on the stock exchange is acquire a 51 percent interest in the companies outstanding stock. They do not need to own any shares prior to making an offer however if it is going to be a hostile takeover it would help. They basically put out a number that they are wiling to pay for your shares and if they get enough sellers or people willing to tender them then they take control. quite simple really. It does not matter how many shares currently are changing hands etc because if someone were hypothetically to come to you tommorow and offer you 4 dollars per share im pretty sure you would take it and laugh all the way to the bank with you 1000 percent gain.

However in a hostile takeover it gets a little bit trickier..... if it is who i think it will be It may just be friendly and well see about a 4-5 bagger of an offer.

anyways this is all just my opinion on the takeover business but I do think it quite a serious possibility.

Cheers

Moneydaze
Bullboard Posts