Post by
zot on Apr 29, 2014 2:42pm
thoughts on the MCTO
SEDI currently lists three insiders with stock,Scott,Glen and their father Robert. So who is the MCTO targeted at? Glen and Robert control approx. 2.5 million shares worth approx. $300,000.00 on the open market providing you could sell that much without the bottom falling out of the stock price.I don't think thats it. However the MCTO was requested,so possibly there is a difference of opinion on which way the company should go.Maybe one side wants to aggressively pursue a buyout. If Glen and Robert threw in with even a small group of investors it would be possible to out vote Scott's 3 million shares and cease control.
Comment by
Glen41 on Apr 30, 2014 9:03am
My understanding is that is the protocol to file MCTO to be granted an extension to file ,they stated they intend to file very soon. I don't believe there is anymore to it then that, buy out ...time ...imonuments proven sales for dignity homes ...time my guess the next 12-18 months will be extremly interesting G41