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Re: firehorse post# 32949

Thursday, 06/22/2017 12:37:27 PM

Thursday, June 22, 2017 12:37:27 PM

Post# of 34405
Here is my concern with the current price and the current structure of the deal. Based on the deal now, there is the potential that Camsing is already developing some of the POW! IP in order to make a profit (e.g. the annihilator is in production like Stan said). They buy POW! for well below the projected earnings of this IP, force out the minority shareholders, and then keep all the profits. This is essentially what a freeze-out merger does. What appraisal rights do, is allows a US Judge to determine the actual current value of all the IP. It ensures that minority stakeholders cannot be forced out before large profits are made.

If none of the IP is in development or has no potential than appraisal rights still ensure what we would be paid for shares (minus legal fees). I'm not sure why you are against a win win situation and making this deal more transparent.

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