Freegold Ventures Limited T.FVL

a few questions:

[stockpunter2]

Does anyone know the rules for takeovers of companies such as FVL.  In particular, what % of shares would have to be tendered?  If ES owns 30% of shares, who owns the other 70%.  Wouldn't it be difficult to get all the retail share holders to agree to a take-over?  Finally, if ES knows there is a takeover coming, would he still be buying, as reported on Canadian Insider Reports?  I'm no expert, but I am guessing that something other than a takeover is in the works.

[Mackthenife]

Not a 100% sure, but I think if an offer were to be made the shareholders would get to vote on it. If over 50% approve it then 100% of the shares are tendered to the new owner,or perhaps it isnt the shares but the assets that is sold. The other thing that could be happening is ES helping out the coffers by exercising his warrants tnat are well in the money. Either way looks good for FVL at his

[Signman]

Generally a take over is another company buying "everyones" shares for a certain cost. Though sometimes a takeover will be one company buying the other shares are given in the parent company in lue of actual money. Everyone being the insides, corperate buy ins and all retail sharholders like us. Other 70% is the what I just stated. The reason why most shareholders would vote yes on a

[stockpunter2]

I agree, whatever is up is good for us, but no way ES knows a buy-out is coming AND  he is accumulating shares.  That is simply illegal and can result in trading bans etc, as well as gross reputational self-harm.  The only thing for sure is that IF a buyout is coming, he does NOT, know about it.  I am also not sure that a simple majority shareholder vote is sufficient to effect

[Signman]

Like a said I think this is most likely about RE coming out. He could not "know" what it is without breaking any rules I believe. But could know it is about to be released that would convince him to buy more shares and excercise his warrants

[Hipshot]

There you go!!!