RE:RE:RE:Is 4.2 cents CAD per share a reasonable IPO Price ?Morning..... There is no direct causality between the shareprice of persistance and MJS. There is no direct causality between the asset sheet of persistance/MJs and the shareprice.
Periode. I do t understand why you will not accept this.
If MJS will sell parts (current IPO) or all of persistance, the shareholder majority must agree. This is what must happen now, where we don't know if they will ask all shareholders or just direct it to a selective group, most likely big shareholders (under 10%) known from the private placements.
Normally - an takeover offer would only be accepted by the shareholders, if the shareholders are rewarded for it. This is the perfect example why a dividend or buy back works. It would end the "play with the future" and start benefitting the shareholders.
I am personally as bullish on this stock as never before. The prospects have even increased and the planned timeframe will bring results to a lot of the prospects this year.
Best as always
richard