OTCPK:OEXFF - Post by User
Comment by
JDavis17on May 23, 2018 6:21pm
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Post# 28072140
RE:30%
RE:30%radcat wrote: While having 30% of shareholders including institutional are currently not in favour of this deal, management can't really do much to prevent it from happening. Not unless they plan to start buying up 20%+ themselves. If not, maybe a white night will show up and offer a better price which management could then sway the 30% to approve a better deal. TBD.
You know, it always amazes me that people that have been around as long as you still don't bother to read press releases.
Velvet needs 2/3rds of IBR shareholders to agree, not 50%
Stupidity is always frustrating