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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Post by foxfoxon Mar 29, 2011 10:50am
427 Views
Post# 18355057

Shot Gun

Shot GunThere is a thing called a shotgun contract.
This is a binding contract where as 2 parties own
a material article...bsiness...land whatever.
If one party offers the other a defined deal , the other
party has first dibs on the deal that was offered.
So if I offer you a dollar for the land we own together
you have first option to take it off me for a dollar.
The idea behind this contract is to make sure that a fair offer is in place
otherwise it would be used by the other.
This would be a good law so that companies
do not lowball shareholders...........could bite them on the a??.
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