Post by
halfcentman on Aug 08, 2021 12:34pm
Stop guessing
I've read the messages on Agoracom and Stockhouse placing a share price that would be adequate for you to sell. I'm puzzled on how you came to this figure. Is it a result of what you paid for your shares years ago plus the anguished of waiting or is it based on a calculation of some future value discounted to today? I haven't put a value on what my shares are worth. I would have liked to have seen the valuation that management, BHP and assume Wyloo were given but it appears I am lesser of an individual to be prevy to that information. It is discrimination not to be given all the information that other fellow shareholders have been give access to. I'm also puzzled as to why the Shareholders Rights Plan was suspended in BHP's condition of sale. How can a provincial law be superseded by an agreement between parties? Why was it implemented on Wyloo's 31 cent offer and suspended a few days later on BHP's 55 cent offer? I can't see how a 24 cent difference makes me loose my rights to protect my interests. Can someone explain?
Comment by
halfcentman on Aug 08, 2021 12:45pm
... On second thought, maybe the Rights plan isn't a provincial law but it was a plan voted on and passed by the shareholders. Can the Board suspend the plan without a subsequent vote to remove it?
Comment by
HaulJockey on Aug 08, 2021 4:56pm
Interesting couple of posts, really. Could you put them in context for those of us that need to "get the point" of it? Thanks.