RE:RE:RE:RE:RE:RE:Stop with the dumbass posts...LOL... Hey QcTrader; Insiders own 27% of Eviana Health shares, worth about CA$1.9m. I’ve certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
However in regards to your next question. I can only speculate what the takeover offer may have ment to EHC management and my guess is “
money” Holding 27% of a company with a buyout offer of .50 per share = slim pickings between all.
The fact that there have been no Eviana Health insider transactions recently certainly doesn't bother me. Still, the insider transactions at EHC in the last 12 months are not very heartening. While there weren't any large insider transactions, it's still worth looking at the trading. Olivier Robert Benloulou ditched 75800 shares over the year. The average price per share was CA$0.84. I find it disheartening that NO management buying occurred over the past year.
My takeaway, management should have been buying share over the past 2-year, by not doing this. EHC management set themselves up as a target company and their own demise.
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neoneil, you being so good with DD, would you mind sharing what is $EHC insider ownership and what does this takeover bid offer means in regards to management agreeing to this AGRA takeover?
also i would like to know what is the price of the average holder of EHC since its early listing of 2017.
i am sure we will agree this is far more than 0.50c looking at the share price action over the last 2 years.
neoneil wrote:
Jonboy9001 wrote: What percentage do they need for the take to occur? 51%
AGRA’s acquisition is now a hostile takeover, it became hostile when the board rejected AGRA’s offer. The key characteristic of a hostile takeover is that the target company's management does not want the deal to go through. Sometimes a company's management will defend against unwanted hostile takeovers by using several controversial strategies, such as the poison pill, the crown-jewel defense.
In lieu of the target company's board approval, AGRA may now issue a tender offer, employ a proxy fight or attempt to buy the necessary company stock in the open market.
In a proxy fight, opposing groups of stockholders persuade other stockholders to allow them to use their shares' proxy votes. If a company that makes a hostile takeover “AGRA” bid acquires enough proxies, it can use them to vote to accept the offer.
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