Isn't that share ownership a play on words?
As a collective group, they own preferred shares which amounts to 95% if converted. Yes they have voting control over everything AESO, but through proxy.
I've yet to see actual AESO common shares given to anyone. Yet?
Maybe I missed an event. I used to juggle 20-30 shells at any one time. It's hard to keep up in the deep weed stories in each. I never got in deep after a change of control. Thanks Biden for that.
It's like a massive land ownership I'm in. I own land all over Dixie and north LA. The ownership is in an LLC. When pine trees are cut down, I get my dividend and when we depreciate the land afterwards, I get the partial tax write off. I can't decide to sell the California land unless the collective agrees on it. I can't buy a new piece unless we all agree.
Same with AESO ownership by RCRT share ownership.
I'm hung up on the mechanics of RCRT share owners getting AESO?
It's only ownership is if CongoGroup goes BK and sold off does RCRT owners get to divi of 95% of its sold off value then AESO common getting the 5%?
To me, the float that actually trades everyday is the true ownership. That runs 100-300% on perceived value, I'll take it.
Okay I just looked at AESO
500m AS
33m float.
That RCRT ownership is in name only. I'd rather hold AESO. But then again, I'm not a long term individual.
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