Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Biorem Inc V.BRM

Alternate Symbol(s):  BIRMF

Biorem Inc. is a Canada-based clean technology company. The Company designs, manufactures and distributes a line of air emissions control systems used to eliminate odors, volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). It operates through one reportable segment, which involves the manufacture and sale of pollution control systems. Its solutions include BASYS and BiofiltAIR biofilter, MYTILUS biotrickling filter, multi-stage SYNERGY system, biogas desulfurization, dry scrubber adsorption systems and cannabis odor control. Its BASYS and BiofiltAIR biofilter systems are suited for odor control applications, especially when removing reduced sulfur compounds or VOCs. It offers biofiltration medias, which include BIOSORBENS, XLD, BIOPAK and BIOROLL & BIOBLOK. The Company's service solutions include system upgrades, preventative maintenance, and replacement and spare parts. Its other services dispersion modeling, permit applications and community outreach programs.


TSXV:BRM - Post by User

<< Previous
Bullboard Posts
Next >>
User Avatar Image
(8)
•••
  • chrischapman256X
Comment by chrischapman256on Jun 07, 2021 1:22pm
114 Views
Post# 33340982

RE:RE:creation of preferred shares proposed

RE:RE:creation of preferred shares proposed
Prefference shares are complicated in that there are so many versions, but in most circumstances they are really just bonds. They are not the same thing as common shares. The common share holders own the company. The preffered shareholders only get what the terms allow them which is generally fixed dividends and liquidation prefference.

Q: Does this dilute the value of teh common's? Because if the preferred have value and the newly issued shares are granted and not purchased, the overall value of the common would be less valued.
A: No, this does not dilute the value of the common shareholders so long as the money raised by selling preffered shares is used to earn more money than than the dividend rate. For a smaller company like Biorem I imagine the dividend rate will be something like 6%.

Q: Can this mean they will be annoucing dividends for the preferred and not to the common? I would be very angry about this after being a shareholder for many years now waiting for that to be a possiblity only to have some new shareholder or insiders pulling the cash out of the company to only those shares that I can't have
A: The preffered shares will have dividends for sure. The company may or may not introduce dividends at that time as well. Probably not right away.

Q: I read the circular and if I vote against it does that mean I have to sell my commons back to the company? I'm confused on the wording of Dissent
A: No you don't have to sell your shares regardless of how you vote. You can sell your shares back to the comany if you write in a letter.

Q: Is there basically no way us shareholders could stop this from going through since they only need 66.7% of the vote for and the major shareholder own 61% of the commons
A: Not sure about that, probably not.
<< Previous
Bullboard Posts
Next >>