Post by
biketrader98 on Apr 01, 2021 1:24pm
Details...
The Transaction, will require the approval of (i) two-thirds of the votes cast by shareholders of MYM and holders of exchangeable shares exchangeable into MYM common shares, voting together as a single class;
and (ii) 50%+1 of the MYM shareholders (including the exchangeable shareholders, excluding shares held directly or indirectly by Michael Wiener in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, at a special meeting expected to take place in Q2 2021 (the "MYM Meeting").
MYM's directors and officers, as well as Biome Grow Inc., which together currently hold approximately 41.7% of the common shares of MYM (giving effect to exchange of the exchangeable shares), have each entered into voting support agreements to vote their shares in favour of the Transaction
Comment by
NLMoose on Apr 01, 2021 2:58pm
Even if Biome Grow and the MYM Board of Directors support it, if other common shareholders vote no, this bad deal with IM Cannabis can still be rejected. Let's hope that all common investors use their heads as well as Mathematical and Financial sense to say "NO".
Comment by
Jaymac5534 on Apr 01, 2021 3:16pm
Huge potential with IM but not at this transaction. Get the word out to vote NO!
Comment by
RockMaschine on Apr 01, 2021 3:27pm
Seems to make sense that those who lost the most want to seal the deal and mark it zero. Nobody else is knocking on MYMs door and if you turn down this deal it is a certainty the company would be begging for money at 20% within a year.
Comment by
biketrader98 on Apr 01, 2021 3:38pm
Being part of a bigger company isn't the worst outcome we could have. Back when MYM was .045 cents per share any one of us would have taken this deal in a heartbeat. I'm a yes...
Comment by
biketrader98 on Apr 01, 2021 3:43pm
also at the current SP, you are getting a better deal that the negotiated one. I'll be over on the IM board...lets go!
Comment by
NLMoose on Apr 01, 2021 8:09pm
You have to do your part too, including buying more of their shares.
Comment by
biketrader98 on Apr 01, 2021 10:49pm
I agree and doubled my position today.