Post by
SergeGodin on Aug 07, 2018 3:23pm
Screwing over the minorities
INCOR is screwing the minority shareholders with it's planned going private transaction, and offerring shareholders $1 /share in a buyout.
Them and their buddies issued themselves enough shares to get over 90%, then say "we think your shares that you paid $3 for are only worth $1", then go private.
Funny how the stock price plunged by 50% immediately prior to the last private placement, then stayed low until they announced the private placement "at a premium". A premium? Yes, only because you manipulated the share price down by 60%.
This is outrageous behaviour from a public company and should be stopped.
Anyone going to call the OSC about this?
Surely they won't let this slide.