Re: What if????
in response to
by
posted on
Mar 03, 2011 02:53PM
In a take over or merger situation, where Finskiy and Scola are involved to the level they are with the other company, they would not be able to vote their shares as I recall from previous discussions.
The fact that their shares and warrants have been transferred and the legitimacy of those shares now being able to vote is a big question mark. I think they were moved for tax purposes and voting them wether in their hands or an arms length company would not be possible.
The important thing though is that weather we are looking at a merger or a buy out, they still need shareholder approval to the tune of at least 66% IMO. Even if they could vote their shares, that would only give them about 40% max unless they have friendly hands that have been accumulating publicly.
Unless they offer a fair deal, over $1 minimum IMO, I do not think they will get enough vote to get either a take over or a merger done. From my watch, only 26 hours left until we should have an answer. All I can say is I am not selling and once a deal is offered, then we will be able to analyze it and make decisions. So far, the action on the share price supports a take over attempt. There is even rumors about another bid coming in after WTG makes a move. At this point, there is no reason to give those rumors any credibility but knowing what we have and what could come in the next few hours, days or weeks, I like my risk reward ratio!
Glorieux