OTCPK:PDPYF - Post by User
Comment by
Maxmoeon Sep 16, 2020 9:45am
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Post# 31566175
RE:Investor Help
RE:Investor Help Read the rules about filing for dissent. It's outlined/buried in the info circ you received or you can find on sedar. The cnq offer has an out if 5% of shareholders dissent. You must file well BEFORE the vote to have a valid dissenting claim. It is a very expensive, lawyer intensive process but in essence a judge will rule whether the 69 cents is a fair offer or if not what that fair value should be. The value will be as of right now, not years from now when the case is decided. Cnq May settle quietly out of court but I doubt it, they have there own in house lawyers that are bored with the usual commercial contract laws. You will also not get your 69 cents or any amount, until the case is settled, so your money will be tied up earning nothing. It's all stacked against the minority shareholder, but the process does exist. I remember (I'm old) when ford bought out ford Canada minority decades ago. Dissenting shareholders fought for years but received a LOT more money than the stingy offer. Remember, you must file now, not after the vote. I think the deadline is sept 24th in the hands of the lawyers or scrutineers. Or look for a class action that's already started ...... I'm not aware of any. Good luck.
astockhmm123456 wrote: A Yes Vote or a No Vote is now irrelevant.
You have a case whether the vote is Yes or No. Being forced to do something after you were told something else is wrong. Once you inform the investing public repeatedly via multiple investor presentations that your product that you have on sale has a certain net asset value then you are making a value statement. If you then give assurances of financial stability for the purpose of getting others to buy your product for the purpose of that implied product value then you should be obligated at minimum to pay what you have indirectly promised. If someone says I have a product A for sale and at worse the product that I am putting up for sale under a range of various scenarios will be worth $4.00 to $14.00 per unit then you should be obligated to at least provide that price per unit. Otherwise, you with the help of your participating associates should at least be responsible for paying the advertised net product price value of your product. False advertisement is wrong and there will be a time when all investors get their fair price for this product with a much higher advertised net value. Sometimes a judge needs to make a decision on whether something is right or wrong. I am just waiting for the vote to be completed. Either way I will be asking one day for what was advertised for my shares whether someone forced me to give them up or not.