RE:RE:RE:MBC investors, StonePoint Energy (V.STO) is being bought!!VictoryLap wrote: Don't buy STO if you are not comfortable, but keep an eye on it.
It's going to take off...just like MBC did after I bought it.
It will hit 12-14 cent before deal goes through.
Buy some and enjoy, or watch and wish you had.
It's going to be a quite pop.
This first offer will not be approved throught the shareholder vote.
The news release says management only represents 24% of vote:
"Each of the directors and executive officers of StonePoint and certain shareholders of StonePoint, representing in aggregate approximately 24% of the issued and outstanding StonePoint Common Shares (on a non-diluted basis), have committed to vote their StonePoint common shares in favour of the Transaction at the StonePoint special shareholders meeting (the "Special Meeting") to be held to consider the Transaction. The Transaction will require approval of 66 2/3% of the votes cast by StonePoint shareholders in person or by proxy at the Special Meeting as well as approval of the majority of the votes cast by StonePoint shareholders after excluding the votes required to be excluded in determining "majority of the minority" approval in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions."
Approval requires 66.6% of all shareholders.