OTCPK:CTNXF - Post by User
Comment by
BSdetector2016on Jun 15, 2019 10:48am
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Post# 29828810
RE:RE:Let's do some math
RE:RE:Let's do some mathFoolAndHisMoney wrote: Correct. They need 2/3 of those who vote to be in favour for it to pass. However there are other shareholders that you’ve not listed who are on side with the consolidation and collectively they are closer to 59% in favour. So personally I think this is a done deal as typically only about 60% of shareholders vote in junior company annual meetings.
That's what I meant about "other large shareholders". They will destroy value with this stunt, especially after the financing is announced. Too bad junior companies rarely do the right thing - like cut expenses to the bone and wait. Instead they treat the market as a well for salaries and perks.