Great Bear Resources Ltd. GTBAF

Hostile takeover...

[Lookingforclues]

Pls explain how this can occur....
ty..

[captainpooby1]

There are several ways but in the case of GBR it would probably happen this way: The hostile company goes to GBR and says we'd like to buy you for 15 dollars per share. GBR board says no thanks. Hostile company then goes directly to shareholders and says I'll buy your shares for 15 or 16 or 17 dollars per share. If enough shareholders say yes then the hostile company buys a controlling

[CdnBadger]

Luckily for us too a hostile takeover of GBR would be a real hard one to pull off.

[lechmeir]

For what it's worth....    I spoke to IR a little while back, and they were confident they knew the location of enough shares in friendly hands to hold the line.  They weren't counting RM at that point either.

[Tminus1blkswan]

Is GBR, or any company for that matter, entitled to know who the owners of their shares are? I'm assuming yes.

[captainpooby]

Yes, they HAVE to know who their shareholders are. If there is any voting event, they must notify the shareholders and give them an opportunity to vote. You’ll receive an envelope in the mail with the info on the even and voting/proxy forms and stuff.

[touareg]

I am not certain of this but I think that is not the case. Shares are held by the brokers and the company knows that customers of a certain broker hold a given number of shares but they do not know who all those individual shareholders are. I think this must be true in the case of shares held as 'anonymous'. And for eg when I trade on the canadian exchanges my trades show up as anon

[Lookingforclues]

Aren't a large number of shares held by 'insiders' and their supporters?

[captainpooby]

I think you you may be correct. Whenever I have gotten the package, it’s come from my broker, not the company directly. So probably the company passes the voting package to the brokers, that then distribute them. I stand corrected.

[iDiditMyWay]

This post has been removed in accordance with Community Policy

[touareg]

iDiditMyWay.. If you read my post again I think you will see you misunderstood my point.. all I was pointing out (re Cap'npoobys post) was that I believe the company does not know exactly who all it's shareholders are.. unless they reach the point where they have to declare their holdings, which is 10 mil I think. I was not refering to anything to do with choice to vote.. I have also seen

[Goaweigh]

They write us a letter saying they want to buy the Company but every second word is either a FU or AHOLES. Completely unnecessary but some of the Majors can be quite boorish. But we have a defence against that ! So we call up a differant Major and say; " That Major over there wants to buy us but is being quite boorish about it and you wouldn't believe what they said about your Mother, We