OTCPK:MAGTF - Post by User
Post by
Possibleidiot01on Feb 28, 2023 8:51am
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Post# 35309122
Who gives up $68.25 million and why ?
Who gives up $68.25 million and why ?The Rolling Shareholders are giving up that much money by agreeing to a lower price for 45% of their shares.
I hate to be cynical but, people as a general rule act in their own self interest so, you might conclude that the 55% of their shares being rolled over into the new company are going to be worth much more than $68.25 million.
This doesn't look good , ethical(?), for Messrs. Jad Saliba and Adam Belsher and associates and affiliates thereof (collectively with Mr. Jim Balsillie and his associates and affiliates, the “Rolling Shareholders)
Treat all shareholders the same ; I can see why Nellore Capital is upset.