EXPM:HRTFF - Post by User
Comment by
kitsune1on Dec 17, 2021 1:37pm
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Post# 34241395
RE:RE:RE:Don't even know how to head this
RE:RE:RE:Don't even know how to head thisPurchase of existing shares is not required for the proposed transaction. Instead, the plan states that Harte will cancel all of its issued and outstanding shares (except the "Subscribed Shares") for no consideration so that the subscriber holding the "Subscribed Shares" will become the sole shareholder.
Unless someone comes up with a superior bid with different terms, no transaction of the current shares is involved.
That said delayed delisting is a good thing: at least the management will continue to be bound by TSX's stricter policies on filing requirements and shareholder communication. They are already treating us like pariah --- the latest release is yet to appear on the website, has not been sent to the mailing list etc.