TSXV:SGI - Post Discussion
Post by
PulpCutter on May 15, 2023 8:30pm
IMO, some creative ambiguity in CYL's announcement
First of all, 22% is a long ways from the 66 2/3rds % that CYL needs to get.
Secondly, legally IMO it's unclear if 22% is actually 1) the committeed votes CYL is claiming, or instead 22% is the 2) size of the group of what CYL considers major shareholders.
The only thing we know for sure is that the two groups are not the same, because the announcement states that SEVERAL of the group agreed, not ALL.
Note that on Simply Wall St, the major shareholders (those 1% or more) and management only total to 21% of shares.
See list here:
https://ceo.ca/sgi?e8d1cda43351
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