![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, December 06, 2008 1:42:58 AM
Why is the 500-limit important for # shareholders? Maybe it is a number of shareholders that allows them to delist without permission or something.
So take two rules:
- minimum lot size, designed to encourage liquidity and keep costs down for investors.
- and the above, whatever it is..
and create this financing option.. offering these <99 shareholders an option that makes it attractive for them to sell their shares, and getting to that 500 shareholder limit.
The basis for a class action lawsuit would be: this is discrimination in favor of those shareholders that have less than 99 shares. They are getting a good deal, given the current share price. Why should they get such a good deal and everyone else, who has invested in this company and gotten it to whee it is. get screwed (likely). I would be pissed off if I were a shareholder at this point. Unless I had less than 99 shares and just wanted to buy a few cases of nBeer.
I could never be this devious.
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM