TSX:HSE.PR.B - Post by User
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display_nameon Jul 17, 2019 5:27pm
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Post# 29931853
RE:RE:RE:RE:RE:RE:RE: 5 year/ 10 year/ and now all time lows.whats going on???
RE:RE:RE:RE:RE:RE:RE: 5 year/ 10 year/ and now all time lows.whats going on???One Majority stakeholder owns 70% of the company, I don't know how the share structure is exactly structured but with that kind of ownership I think he could techncially vote to sell at any price he wanted (two thirds approval usually required to pass special resolutions).
Of course majority stakeholders want fair value for their shares as much as anyone else does and the company still has fiduciary responsibility to major and minor shareholders so I don't see that being a concern. Nobody buys 70% of a company jsut to give it away.