GREY:BHNGF - Post by User
Post by
Beetle21on Oct 28, 2019 1:00pm
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Post# 30277091
Is the share structure the problem?
Is the share structure the problem?I was very interested when the story of this going public came out. However the split or multiple voting shares have me concerned.
The ordinary shares I see look like they are non voting. Reading some of the documents on the company the directors gave themselves all multiple voting shares.
This is a hard sell to get people to buy into a new company (in a hot sector) and have no say in how the company is run. They didn't go the usual route of just ensuring that insiders held more than 50.1% of the float. It is outright retail has no voice.
To me this gave off kind of a MedMen vibe.