TSXV:TRL.H - Post by User
Comment by
WCoyoteon Jul 19, 2019 1:04am
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Post# 29938063
RE:You a dope or just high on it?
RE:You a dope or just high on it?This is not a US company and I'm not who you think I am. Educate yurself.
"In order to undertake certain fundamental changes (which would apply in the case of most going private transactions) a corporation must, for each class of outstanding shares, obtain the approval from holders of at least two-thirds of the shares represented in person or by proxy at a duly called meeting of shareholders. In the case of each fundamental change which gives rise to a shareholder vote, a corporation is also required to grant each shareholder a dissent or appraisal right." Insiders have nearly 2/3 of the outstanding shares as it is. They don't need to get many more on their side. So little backroom dealing to do. Tommy boy, do you have the money to hold something like this up in court? I know I don't.
"In Canada, a going private transaction can take a number of forms. The most common ones: - an amalgamation of the target company with the party pursuing the going private transaction or its affiliate;
- a take-over bid which may or may not be followed by a compulsory acquisition of the shares of those holders who do not accept the bid (subject to certain thresholds) or a second stage going private transaction
- or a plan of arrangement or any combination of the 3"
Why, you might ask?
"With the current economic and regulatory environment, a going private transaction could be beneficial for a significant number of small to mid size corporations, particularly with controlling shareholders, that have recently suffered a sharp decline in their share price." BTW, you class 'A' nut-bag and prime example of fetid human effluent, my mother passed away some while back. So your 'well wishing' taunts are just a little late.