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TenKay

05/01/19 5:37 PM

#80305 RE: drum3171 #80297

“If Rotman increases his value by doing this, then as a share holder my value increases.”

Not necessarily. If your stake in the company equity is diluted to a small fraction of what it was, then the “growth” is meaningless.

I watched a reverse merger into an OTC stock in which the retail common equity owners went from 100% “ownership” to 40% to 1% of the company and most didn’t even realize it. The new owner ended up with 99% of the equity.

As for “shareholder control”....do you think retail shareholders will get to vote on such a consequential acquisition or its terms?

No.

Outside of the OTC in the real world...it would be put to such a vote...but then there wouldn’t be such a massive conflict of interest to begin with.