TSX:HSE.PR.B - Post by User
Comment by
wheeloffortuneon Mar 06, 2020 6:26pm
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Post# 30777896
RE:You Guys On This BB Make Me LAUGH !!!
RE:You Guys On This BB Make Me LAUGH !!!There's no prorata. If there's 100 shares and LKS owns 70 shares(70%) and HSE Cancels 10 shares(10%), LKS now controls 77%. HSE will cancel whatever shares they buy to stabilize the price and obviously LKS won't sell his stake. Name a Canadian company where NCIB went prorata? I've never seen it. Artis Reit never went prorata.
Eigen337 wrote: If there is a NCIB, the BODs will INIST that it is PRO-RATA for both minority and MAJORITY shareholders !!!
LKS will still CONTROL the SAME percentage of HSE before and AFTER the NCIB (~69.2%) !!!
I do NOT see LKS cutting back on his HSE dividend income especially with the Covid-19 virus DECIMATING his HK property income !!!
This is my opinion only.
Eigen337