How the Hell, they Get Out??
Quoting J. Paul Getty: "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem"...GS & Tembo have a problem holding around 1 billion shares of this P0S penny stock. How the hell can they dump those shares on the public market? There is a simple plan to exit though. It's called the Plan of Arrangement with papal blessing from Canada Business Corporations Act (CBCA). This Plan for going private does not need shareholders' approval with >66 2/3 votes in hand. Minority cannot sue, but could challenge on price under Oppression Remedy, but unlikely to prevail in the courts if there is a reasonable premium over the market price since the courts have said market price is the true determinative value for a public company. Forget any "Fairness Opinion". The stock is pushed down to bottom level for the coming deal...This dead cat has no bounce, and is going to die as a public company...Amazing Grace.