Claude Res Inc CLGRF

Looks like SSO is a sinking ship

[ERTguy]

And dragging CRJ right down with it.  IMO if this goes below the closing price the day before the takeover was announced I could see shareholders voting no for obvious reasons.  I'll be accumulating shares if this dips below 1.25 as this stock was set to run to 1.40 without the takeover news.  Cheers

[Highwired7]

ERT, will either companies share holders have the votes and ability to vote this deal down?

[ERTguy]

Claude shareholders does have the ability to vote this down.  They require 66.6% of the shareholders to say yes to the deal in order for the transaction to be finalized.  You can blame some of this pull back on gold correcting, however I was confident this stock would have been trading at 1.40 without the takeover news.  If I was a shareholder still I'd be voting this down now.

[Aurum1983]

SSO holders can also vote this down by a majority vote. If CRJ holders rejects the deal then it won't get that far. I reckon SSO holders are not convinced this deal is what they need to turn SSO around otherwise why have they drag both companies down to this level? The combined market cap is only 853M for chri*t sake. The sooner we accept that there would be no deal the sooner we can get back