Replies to post #200556 on Sulja Bros. Building Supplies, Ltd (SLJB)

[jk21]

Jannie, the existence of this judgment,

http://www.angelfire.com/planet/star_the_wonderpup/default.pdf ,

makes GR's article absolutely irresponsible. plain and simple. correct?

I will be using this judgment as my evidence when I complain to the Ontario Press. This regulatory board can force the WS to print a retraction and/or "The newspaper has an obligation to publish a fair account of the Council's decision including the text of the adjudication. "

http://www.ontpress.com/complain/index.asp

[DaFloorGuy]

There are a LOT of things that have to be done to sell a company with outstanding stock. I guess I wasn't specific enough, I posted that not too long after I got up. My understanding is that there has to be a shareholder vote, or a BOD vote at the very least.

My understanding is that they cannot just decide to sell, say "share price is currently .02, we'll give you .04 for your shares". I have been told there has to be an independent valuation, and even that the shareholders could oppose such a sale, if there were enough shareholders to get together and say no. Share ownership IS company ownership.

At this point, the Suljas do not own the company, unless they own shares (which I'm sure they do) or unless the IPO (which we did not do) was worded such that the IPO was 40% of the company, for instance.

So I was wrong in the wording, yes they can sell, but we as shareholders have rights, and in a way, some say here.