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GOLDBROOK VENTURES INC V.GBK



TSXV:GBK - Post by User

Post by fliptwoon Sep 21, 2010 3:52pm
512 Views
Post# 17475640

issuing voting shares

issuing voting sharesThe joint agreement limits JJ to 75 voting shares and GBK to 25.  JJ cannot issue more voting shares because that is clear in the agreement.  Trying to get a larger voting share would give them more access to the profits.   This would reduce cash to GBK.  Dilution is not the concern.   The non voting and preferred only have access to discretionary dividends.  This is a Stupid tactic by the Chinese firm as it will taint all future Chinese investments in Canada  and looks a lot like a back-door acquisition of a Canadian Company by a Sovereign corporation.
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