Post by
nothingbutruth on Mar 16, 2022 10:37am
PLEASE KNOW WHAT IS HAPPENING!!!! Wheels low intelligence
If you sell your shares to Wyloo and only 20% or less want to keep their shares. Wyloo will get all the common shares (Squeeze play). Everyone will loose their shares to Wyloo AND Noront will be delisted from TSX. No shares will be available to purchase in thte future. Read below.
"Shareholders who wish to make a Retention Election should be advised that if, following the Retention Election Deadline, less than 20% of the issued and outstanding Common Shares are the subject of a Retention Election, Wyloo AcquisitionCo will acquire all of the Common Shares not already owned or controlled by the Wyloo Parties (the "Automatic Squeeze-Out"), including those Common Shares that are the subject of a Retention Election. Such Automatic Squeeze-Out is intended to protect Shareholders
by ensuring that all Common Shares will be purchased by Wyloo Canada under the Arrangement if, after the completion of the Arrangement, Shareholders (other than the Wyloo Parties) would not hold a sufficient percentage of the outstanding Common Shares for Noront to meet the continued listing requirements of the TSX Venture Exchange"
Comment by
wheelsonthebuss on Mar 16, 2022 11:02am
Who cares - either way I will be buy your cheap Retention Shares down the road - O YAYA