Replies to post #50882 on Calissio Resources Group Inc (CRGP)

[onehundredmph]

That buyout price would need to be publicized?

....a buyout price to acquire all the shares outstanding will have to be tendered. This would typically require a shareholder vote to agree to the buyout price. With CRGP there would need to be an accurate accounting of the actual shares outstanding before an offer could even be tendered.

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[onehundredmph]

I believe this says it all

"Before considering this decision, every possibility was explored. Due to the stock price and delisting to the Grey Market, the board of directors saw no alternative but to execute this course of action.


"We are expecting solid growth and do not want to repeat previous errors that were committed by third party institutions. We wish to step away from the public markets, which have only put financial pressure on the Company with no guaranteed end

https://www.prnewswire.com/news-releases/calissio-announces-closing-of-going-private-transaction-300140717.html

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[janice shell]

You know, it's not at all unusual for insiders just to pick up the company's assets and tiptoe away...