Post by
JohnMcIntosh on Jan 15, 2020 1:18pm
Don't be scared. No need to panic
Some posters are clearly trying to scare shareholders to make them tender their shares.
There is no need to panic.
Titan needs to reach 66 1/3% to be in a position where they can try to force other shareholders to accept the takeover. IF they reach this threshold and Titan wants to acquire the remaining shares, dissenting shareholders will be offered the same deal than supportive shareholders. At this moment, Dissenting Shareholders will have the option to accept the offer or to dissent which means to ask the Court to determine a fair compensation for their shares.
So basically, there is no upside to tender your shares if you don't like the current offer and there is no risk to not tender your shares either since your fall back position will be to get the same deal than tendering shareholders.
Titan might not try to get the remaining shares but in this scenario they will have to deal with a large chunk of minority shareholders which won't be diluted that easily.
Comment by
Teetotal on Jan 15, 2020 2:23pm
Absolutely no need for panic. There are a lot of us not selling. After a month their total did not move much. They don't have the cash either. A very good chance that this takeover stalls.
Comment by
Ronnie222 on Jan 15, 2020 10:04pm
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Comment by
Teetotal on Jan 16, 2020 7:15am
Ditto Ronnie. The shares collected for Titan are all part of the heist. For them getting to the next 2 stages for them is going to be tough. There are many of us who own millions of shares and we're not selling. TSX knows this story well. Many impediments.
Comment by
Ronnie222 on Jan 16, 2020 8:07am
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Twoscompany on Jan 16, 2020 8:58am
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Comment by
Ronnie222 on Jan 16, 2020 9:23am
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Ronnie222 on Jan 16, 2020 9:29am
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Comment by
otcmoonbound on Jan 16, 2020 10:54am
but there is unlikely going to be a 2nd step transaction and you will suffer dilution like you have never felt before. Your paper will be worthless. Hey, your nightmare might come true....! This is just shameful bullsh!t fear-mongering.