Alta Copper Corp ATCUF

When does a major shareholder have to make an offer?

[nizza]

As far as I know, since 2002 at least in Germany it has been regulated that a major shareholder who

has reached more than 30% of the shares must make a public offer to all other shareholders. I think

there is a similar regulation in Canadian law. It is probably higher than the 34% that must now be

reached. Perhaps someone from there can do a quick research and report back.

[swpb]

I once owned a TSX penny stock where a company bought the majority of the shares then took the company private and paid .001 per share to the outstanding shareholders. We have no large shareholders ro fight this selloff other than Fortescue and the Peru pension funds.  Looks like the Fortescue plan.

[ForesstGump]

or really swpb ?? NOT. Tell me , which company is that ?

[swpb]

foresstgump, i sent you a private message about the TSX company that was taken private. The TSX is vicious

[ForesstGump]

that is so off topic. like comparing Microsoft  to Dollarama. stay with it bro

[swpb]

I once owned a TSX penny stock where a company bought the majority of the shares then took the company private and paid .001 per share to the outstanding shareholders. We have no large shareholders ro fight this selloff other than Fortescue and the Peru pension funds.@ Looks like the Fortescue plan.

[Buffet11]

Nizza, if you go to the link I posted yesterday you will find following information: The Importance of 20%: Take-over Bid Territory Any offer by an investor to acquire outstanding voting or equity securities of a class of a reporting issuer made to one or more persons in Canada that would result in the investor, together with any of its joint actors, having beneficial ownership of and/or or