Biorem Inc V.BRM

two items from circular

[Possibleidiot01]

TUS entered into restructuring procedures in late 2020 ot address capitalization and a number of internal strategic issues and Biorem approached them to repurchase the shares to break the logjam of their majority ownership. A motivated seller probably means the company got a fair , if not cheap , price.
Secondly and perhaps more importantly , this is mentioned twice in the circular, " Biorem's management believes this will result in the shares of Biorem being more attactive to potential acquisition targets"  I read this as a foreshading of a future , but probably not immediate  acquisition.
One last thought for you , the purchase of shares from TUS will not affect liquidity at all as the soon to be cancelled shares never traded day to day.
GLTA.

[KnowledgeSeekr8]

I still haven't receeived my information circular yet from any of my accounts. I did confirm with management that only the 15.5 million shares will have a vote so TUS will not be present in the voting so I can't see this not going through. I was very positive of the next 24 months prior to this annoucement but now I am extremely positive on this and very happy I loaded up when it dropped

[fergus2]

Thanks for your comments,   KnowledgeSeekr8 and Possibleidiot1.   I received my circular yesterday and voted my shares endorsing management's plan   I like the story. GLTA Fergus2