Post by
nozzpack on Jul 13, 2022 7:45am
Requires Voting approval of minority shareholddrs
This buyout was non arms length by two insiders.
As all of our business was sold, this will require a vote of aproval by non-insiders.
That is, they must get the approval of the majority of the minority ( non insiders).
This is an exceptional deal for those two insiders, acquiring all of our assets for assuminfg liabilities of $2.25 million US.
Expediting the Ukraine morass is certainly very beneficial.
However, it has always been my view that we would be better off using our cash and equity to acquire a cash producing asset.
This option cannot be ruled out..
Comment by
nozzpack on Jul 14, 2022 8:03am
As expected, Kub will remain halted until documentation is received and approved,,