OTCPK:CODMF - Post by User
Comment by
nerotulip2013on Mar 15, 2015 9:27am
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Post# 23522512
RE:Why people still buy shares at 0.015
RE:Why people still buy shares at 0.015Minority COD holders have choices: 1. Sell COD shares now or wait for new SMC shares, if and when, then sell them. Attractive idea if you hold the shares in a taxable account and have a high ACB. 2. If you love the SMC Plan of Arrangement vote with management or do not vote at all. You will probably end up with SMC shares. 3. If you want either a better deal from SMC or a higher bid from another party, vote against the Plan. It is a court supervised process, objections will be heard and very dirty laundry will be displayed in public. At this point, any buyer is seeking a better deal or accumulating shares to vote with management. A lot of drama for a penny stock with a tiny market cap! Nobody reads these posts anyway...