RE:RE:ROOSTER"S REVELATIONS- thinking all niteVillar could do a TAKE-OVER BID.I believe he meets the main requirement of 20% ownership (partially diluted)
A take-over bid is an offer to acquire the voting or equity securities of a target company made to shareholders in a Canadian jurisdiction provided that, prior to the bid, the bidder and any person acting jointly or in concert with the bidder own or control 20% or more of the outstanding class of securities on a partially diluted basis. Take-over bids are regulated by the securities laws of the provinces and territories where the holders of securities of the relevant class are located. Securities regulators have harmonized the take-over bid regime across all of the jurisdictions within Canada.