TSXV:TRL.H - Post by User
Post by
MelnykWasRighton Feb 13, 2020 2:15pm
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Post# 30687177
THIS JUST ISN'T RIGHT
THIS JUST ISN'T RIGHTThere's something here that doesn't seem right and I can't quite put a finger on it. Need to contact corporate law firm in Ontario for an opinion (it doesn't hurt to ask). Will post here and at the facebook group once I have more info.
Read the entire news release. They are applying for an exemption of shareholder approval with the TSX for the refinancing to go through. There has to be a way to stop this. THIS IS WRONG ON SO MANY LEVELS!!!!!! Shareholders have the right to review and vote on this deal but they are trying to bypass us.
Any way you look at this now, this company is most likely going private and they are doing so at the expense of the minor shareholders. I don't believe arms length is even possible given Ian's position in this company. We need a list of names for this 'special committee' that recommended this move. There are other ways to raise capital. They have an agenda that has already imposed major losses on minor shareholders and obviously with today's announcement, is further depreciating the stock.
More to follow.........