Replies to post #534 on EXCO Resources Inc (EXCE)

[creede]

I'm not a lawyer, but I was thinking that the correct way to take a company private was to purchase the shares one way or another.

If they do not, they could be facing a lawsuit, in my very very humble opinion.

Shares represent ownership of the company. You cannot just say I want this company and thus I am going to find a way to negate the shares.

I cannot tell by OTCM how many shares are floating. They can buy them on the BID and on the ASK eventually they will all be gone.

Then they could contact the remaining shareholders and make them an offer based upon the average price they paid per share in the open market.

I am not saying that is occurring in EXCE. Maybe if someone wanted to do that they would simply call a shareholder meeting and make an offer for all the shares and then have a vote. I think that's the normal way to do it.

All I am saying is that if a company is really going out of business and liquidating everything then deletion is fine. Wipe it all out.

But if the business is moving forward with any of the assets of EXCE they better not try to simply unload the old shareholders without some kind of compensation.

That's my opinion but I could be wrongo.