Bullboard - Stock Discussion Forum Parent Capital Corp V.PAR.UN

Primary Symbol: V.PAR.H Alternate Symbol(s): PTSRF

Parent Capital Corp. is a Canada-based junior resource company. The Company is engaged in the evaluation, acquisition, exploration and development of international resource properties. The Company is inactive and is engaged in seeking an asset to acquire. The Company does not own any resource properties.

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TSXV:PAR.H - Post Discussion

Parent Capital Corp > Looking to join opposing voter group Partner's REIT

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Post by Wocketship on Nov 16, 2019 2:09pm

Looking to join opposing voter group Partner's REIT

1. Don't believe "independent" valuation commitee and un-biased fairness BMO advise. Value is off.
i) $39.6 million of equity over 46.5 million shares is $0.852; not $0.78.

ii) change the cap rate ( $income over value ) by only 25 bps. and the ereal estate valuation is much higher. I have yet to receive the valuation that I have requested.
iii) Mr. Grant Anthony owns 7,226,436 Units (15.7%) and is not independent;.
iv) How is the 36.3% Lock-Up favorable vote benefiting from the "Support Agreement" Mr. Moray Tawse owns the additional 9,514,246 Units (20.6%). This agreenmnt should be made public.

2. Why is there a separate Discent voting process independent from the voting for/agains the Arrangement proposal?

The locked up vote is not sufficient even when added up to he MAA 20.03% ownership to secure full approval of 66.67%. As such, I would add my dscent vote to those who want to discent

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