RE:RE:Form for voting shares nullifies my trading rights.I think this is all about the 56% that locked up. I have LEAF and haven't recieved any information so far.
From my understanding it is pretty straight forward. 56% of LEAF holders agreed to the lock up. 66% of attendees of a special meeting need to approve. LEAF gets 3.575 ACB shares per every LEAF share. Expected completion of hte deal is in
August. On another note I believe the senate amendments went well. I expect the vote next week and legality in mid/late
August. I think doing it as school starts at least puts the majority of youth under some supervison for the portion their parents are working.
We are going to get our official date real real soon.
Analystguy wrote:
I hereby agree, solely in my capacity as securityholder and not in my capacity as an officer or director of MedReleaf:
(a) to vote or to cause to be voted the Holder Securities, and any other securities of MedReleaf directly or indirectly acquired by or issued to the undersigned after the
date hereof (including without limitation any common shares issued upon further exercise or settlement of options or other rights to acquire Shares), if any, in
favour of the Arrangement and any other matter necessary for the completion of the Arrangement (including in favour of all matters recommended by management of MedReleaf) at the meeting of shareholders of MedReleaf held to consider it or any adjournment thereof (the “Meeting”), and to not dispose any of such Holder Securities prior to the Meeting;
The above clause effectively eliminates the market for MedReleaf shares as voters cannot buy/sell shares so voted as of the signature date until such time as the meeting is held some time in July. As a shareholder, we should be concerned with such language as it not only gives up our rights to entertain a better suitor, but it restricts MedReleaf share appreciation as voters can't freely trade their shares until after the July meeting.