Oncolytics Biotech Inc T.ONC

Shareholders rights

[TMAZZ21]

If there is negotiations happening with Pfizer than wouldn't we as shareholders have the right to know when an offer is presented!

In order to start any kind of negotiations would Pfizer start with an offer.
Then negotiations starts!

If I compare it to buying real estate even commercial real estate. Some one normally comes with an offer first to show interest and then negotiate from there.

From all these posts, it sounds like the normal is to start negotiations then come up with an offer. 

The point I'm trying to make is, if there's an offer on the table and ONC are in negotiations based on an offer from Pfizer
then don't  shareholders have a right to know!

Or does this 90 day code of silence protect the companies of disclosing of any offers and or negotiations!

We don't need to know exactly what the offer is or what the negotiations are about  BUT we should have the right as shareholders to know if Onc was presented with an offer or if there's any negotiations regarding an offer negotiations.

[canadafan]

The BOD represents shareholders. Only after a preliminary agreement is negotiated & signed off by both bOD of for example ONC & Roche would that " deal " be presented to shareholders for final approval. The executive or BOD can give their recommendations for accepting or not. ...to the shareholders. The job of BOD is to evaluate any negotiations & give recommendations along

[westcoast1000]

The TMazz comment is completely wrong. The BOD is there to protect our interests and legally required to do so in terms of achieving the maximum possible value. NDAs are in place from the first possible discussion. That means: non-disclosure agreement.  I am astounded someone would post that. 

[TMAZZ21]

Westcoast   Looks like your correct, not sure why your astounded about someone asking an question of what rights shareholders have to disclosures. https://www.legalandcompliance.com/securities-law/mergers-and-acquisitions/ The Merger Agreement In a nutshell, the Merger Agreement sets out the financial terms of the transaction and legal rights and obligations of the

[Lesalpes29]

Relax westcoast! It was a simple question or a thought. A big zero in term of communication from the company make probably some a bit nervous, fed up and it easy to not understand what's going on! At this point we need a sign like SP moving up or a NR to confirm ower speculation that a deal Is in the work. I'm like westcoast, old! And buyout over 2B and I don't have to work

[canadafan]

Tamazz nice description document  I think in a nut shell, exactly what between my reply & westcoast, exactly what we said. bottom line. shareholders will be well represented, by the in place rules. more importantly the NDA in my option is why things went so quiet after a month ago, bearding such great news ( then).