Post by
fbedard29 on Oct 26, 2024 5:38pm
dream or nightmare
Hi Again after many beers i still dream that Abcourt share price could be 0.020- 0.50c in a few years.
But i also have nightmare that Abcourt could be bought out at 0.10c .
Why bought out.
Can a 1% owner suggest to sell at 0.010c or a small co decide to propose to buy out Abcourt at 0.10c .
What would be the procedure.
If a small co is formed for the purpose of acquiring Abcourt ,what would be the procedure to do it.
Can Mr Mestrallet that owns more than 20% of Abcourt be in a position with an other owner that owns 15% of Abcourt be in a position or is it legar to form a co that owns 1% of Abcourt that can propose to sell Abcourt at 0.0,10c a share.
Mr Mestrallet and another co that i do not know the name at the moment could be including all the warrants be in a position to vote at +50%.
Please if any of our readers can shoot down my thesis that many rules could prevent that
acquison will be pleasantly appreciated.
Fernand
r
Comment by
fbedard29 on Oct 26, 2024 5:42pm
I know that the companie thrying to acquire Abcourt in not in a position to vote . That is why it needs a third co to propose. Fernand
Comment by
PILGRIM on Oct 30, 2024 1:13pm
Hi Fernand I am certain that if Mr Mestrallet had enough money to launch a takeover bid at 10 cents and buy all the shares in circulation, he would instead devote all this money to subscribing to a capital increase at 6 cents and finally give Abcourt the means to put Sleeping Giant into full production and collect 60 million in profits per year.