OTCPK:CODMF - Post by User
Post by
nerotulip2013on Mar 04, 2015 12:15pm
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Post# 23488743
COD Insiders_Technical Voting Legal Problem
COD Insiders_Technical Voting Legal ProblemThe COD insiders, who are Forbes/ Bharti related, may NOT be able to vote their shares when a COD shareholder vote is held to approve the transaction. The loan is linked to insider fees, these related parties are therefore not in arms length situation as interested parties. These related insiders would probably be allowed to vote if a counter bid from a third party was made, so an open auction would be difficult. Regardless, Bharti deals never pass the smell test!