RE:RE:RE:Very interestingI know, it's ridiculous to say the least. I think the only reason they're doing this is to give current shareholders a way out of owning a private company. Shareholders will not be receiving any cash from the sale of the "international" business. What will happen is that it will go in the coffers of the remaining Canadian entity whereby the entity can do what it pleases with the cash.
What's even more interesting is what happens to the remaining equity in the private company - that is, assuming less than 100% of shareholders opt to exercise their right? Will they retain it as company owned stock? What happens if only one person opts to participate - do they own the entire company? What's going on here sounds incredibly complicated and, thusly, fishy to me. Frankly, I do not trust the management to do what's in the best interest of shareholders.
It's funny how they just come up with this scheme the last few months when they've been operating for over 35 years this way - complete FUBAR.