Replies to post #426 on House Of Brussels Chocolate (fka HBSL)

[dmbao]

I have n9o idea, I'll I am saying is to sell a listed corporation with other shareholders you need to have control of the voting shares You either need to own 50.1% of the common shares, unless the corps bylaws require a higher % or there is a provision of super voting share typically in preferred shares.

Now I guess he could own 5 million and a couple of friends own enough of shares as well to constitute a majority. But of course me with my millions and a few others of us including some of his cohorts could get together and vote our shares in a different manner and win.

Typically that never happens and control has already been secured. Just a matter of what entities have it.

[dmbao]

I have no idea, I'll I am saying is to sell a listed corporation with other shareholders you need to have control of the voting shares You either need to own 50.1% of the common shares, unless the corps bylaws require a higher % or there is a provision of super voting share typically in preferred shares.

Now I guess he could own 5 million and a couple of friends own enough of shares as well to constitute a majority. But of course me with my millions and a few others of us including some of his cohorts could get together and vote our shares in a different manner and win.

Typically that never happens and control has already been secured. Just a matter of what entities have it.