Post by
battleready on Oct 23, 2015 10:18pm
Hodges Payment of $850,000
I found the info. It is a change of control clause of $500,000 US and one year at $180,000US = ~$850,000 CDN. Not uncommon in the business. I don't like it but it is what it is. The worst case is having Benavides running the company.
Comment by
YoungRich on Oct 23, 2015 10:31pm
So now you're saying I should pay Hodges $850,000? Over my dead body. Benavides is an owner from the start. His track record is fine. Community relation is excellent. Everyone likes him down there. People don't like Hodges. COFIDE likes Benavides but not Hodges.
Comment by
battleready on Oct 23, 2015 10:38pm
I hope not. If a change of control happens, the company has to pay for it. Normally this is trigger when the company is purchased. How can you say Community relations is excellent when Benavides was in charge? He screwed up. Not Hodges.
Comment by
YoungRich on Oct 23, 2015 10:49pm
So you do not know. Ignorance.
Comment by
battleready on Oct 23, 2015 10:56pm
I am doing my due diligence. I found this info. Unlike you, I don't take my investment advise from a blogger who knows nothing of corporate law. Benavides is not acting ethically. He is not providing the corporate financial records in order for the company to be complaint. Benavides is the reason why the stock is halted. Not Hodges.