Thanks Peter, as I said I may be getting ahead of myself not having the documentation upon which the shareholder’s will be voting. It is great to hear that the court must approve the transaction, but that in itself doesn’t speak to what their involvement is …anti-competitivness, fair value to shareholder’s, license renewal/transfer issues, Foreign ownership.
In my opinion the chance of success of getting the 2/3 voters is improved with an understanding of a binding criteria for selecting the maximum value if value is not defined as nominal dollars, be them cash or shares value at the time of agreement. Clearly it would be nice for shareholder’s to avoid capital immediate capital gains (but how much of a discount should be expected for deferral).
Being completely open ended in terms of managements discretion for shareholder value and also open ended in dissolution/continuation of the company is asking a lot given some of the history people seem be uncomfortable with. Myself not having thoroughly investigating the past still feel a little cautious when my investment is being handled without any clear definition of objective.
Best regards.
Orgy