OTCPK:RKNLF - Post by User
Post by
factRbeston Mar 31, 2017 8:50am
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Post# 26056824
Who will exercise rights in an offering?????
Who will exercise rights in an offering?????These people
On January 26, 2017, the Company issued 800,000 Series A preferred shares (the "Series A Preferred Shares") to Wave Systems Corp. (the "Investor"). The Investor, as the holder of the Series A Preferred Shares, is entitled to elect a number of directors that will be a majority of the Board, with the holders of the Common Shares being entitled to elect the balance of the directors, which resulted in the Common Shares becoming "restricted securities" under applicable securities laws and the TSX Company Manual, on January 26, 2017. The Company will file today amended and restated articles in order to give effect to the re-designation of the Common Shares as Subordinate Voting Shares.
Read more at https://www.stockhouse.com/news/press-releases/2017/03/29/redknee-releases-results-of-annual-and-special-meeting#cP6gbp0f2pVjH1bm.99
Sort of like taking on a mortgage, paying the down patment, paying the interest, having ho say how the property is managed. For that you are the only one who has anything to lose going forward.
FYI - CRR has lowered RKN to underperform and lowered the share price from 1.75 to 1.00.
Saw the post on another board RKN was on the list (monthly review).
I really don't see RKN being a public company in 6 months to a year.
Unless ESW wants to use it as a vehicle to go public. Before that happens there is a issue of 120 million pests that must be dealt with.