RE:RE:RE:RE:RE:RE:RE:RE:RE:Would shareholders be upset with $0.70 buyout?malx1 wrote: snajem wrote: News out on SEDAR. Looks like you called this one right. Very low bid at $0.72. Is this a starting point? Remember we have majority of minority rule in Canada. This is a weak bid
Appreciate your respectful discussion of this transaction. Might squeeze a little more from buyer but like I said earlier, this ain't the time to be selling entertainment assets. Whole industry is discounted.............. As far as votes go, I believe that insiders can endorse the deal but they do not get to vote. I would consider anyone over 10% of shares as insider. So retailers here have a choice. Sometimes you gotta hold your nose and move on. I see risk of shares dropping in value if deal doesn't materialize. Wish you all the best. Yes, even Malx would have liked you all to get $2 but not gonna happen as interest rates rising and pandemic fears still fresh in the mind of business owners and patrons. Consumers carrying mega debts. We are headed into a recession and RE values falling.......... If any of you need a new home for your capital after buyout, I'd strongly suggest Gamehost at $8-9. They will be paying a annual $0.72 annual in dividend by end of 2023. Spend some time reading the GH message board for more details. Best of luck with the TNA transaction.
Ya I was wrong on the vote. I thought that there were two classes of shares. Insiders here have majority. This is a done deal. $0.72/sh takes it. Those who are upset must also look at the opportunity this transaction presents. Liquidation means your capital will be free to commit to other undervalued securities with higher upside and lower downside. This is a win.