RE:RE:AGM – Bogus excuses for not winding-up UrbanaIslandOracle - As I've mentioned a few times on this board, Caldwell has stacked the deck in his favour against the interests of the 'minority' that owns 90% and he's done it in many ways - complicit board, use of a sister company to earn excess fees, transfer of Urbana money to prop up his company disguised as an investment. Caldwell needs Urbana - it's the piggy bank that is needed to keep other parts of the Caldwell group of companies afloat - so, when it comes to coattail provisions, my reading is that Para. E effectively provides that non-voting shareholders only have conversion privileges upon the approval of Caldwell.
As for your comment that it would be better to wait until liquidation, I'll remind you that OSC investigators have found that Caldwell has been ripping-off its clients for a number of years and want to terminate its licence to practice - hardly people you would want to hold your money for any longer than necessary.
Also, the CSE has had a good run thanks to U.S. regulations on cannabis, but things are changing. The Canadian cannabis sector has suffered from overinvestment so future listings and capital raises will be greatly reduced and many listings will go out of business or be consolidated. Also, regulations are changing so some cannabis companies will probably look to list on the TSX and delist from the CSE.