RE: RE: Teck will NOT buy us out, we will keep the
A wild card thought here. Just throwing it out to see if anyone (accountant007, for example) might have some feedback.
Has anyone ever heard of a majority owner (in our case a TECK after ~75% back-in) agreeing to a bulk purchase of shares from one or more executives of a minority shareholder (in this case agreeing to buy 100,000,000 shares from Ernesto) in a private, little, under-the-radar share buy out agreement ? Would this be legal ? Could such a transaction work ? Would it have to be stipulated in the master shareholder's agreement ? If such a little personal exit-strategy clause were to be successfully in the works and/or executed, how would this transaction hit the airwaves ? I see this as a possibility but am not sure if there are securities laws against such sort of a transaction. Are we certain that there aren't any such contingencies for the largest shareholders of CUU - which would effectively leave us retail shareholders potentially 'holding the bag' ? Obviously, Ernesto and Elmer would kill the share price IF they started selling their own shares on the open market BUT, what would prevent them from offering up a BULK OFFERING between the two of them directly to TECK at a price that made them both happy, for example? Effectively, do the share HAVE TO BE traded on the open market (TSX.V) OR could a person sell his shares DIRECTLY to another party ?