Replies to post #47500 on OncoSec Medical Inc (ONCSQ)

[ignatiusrielly35]

The board of directors only negotiates the best price with the acquirer and then either recommends approval or rejection. The shareholders still have to approve it, usually. Some companies even require 2/3rds of the votes in order to approve it. I’m not sure what ONCS’s bylaws say.

[trading.jeff]

Haven't gotten to this juncture, yet. First, we deal with the current vote and Alpha and see where it goes once the votes are counted.

The next paragraph talks about voting for the basic proposal but there is never any mention of voting for selling the outstanding shares to CGP.

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