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Posted On: 05/29/2021 4:44:45 AM
Post# of 1507
What I'm really curious about, is how WR managed to get the legally necessary approvals
for the reverse split, the replacement of the former CEO, and the subsequent huuuge capital infusion
which ( - my calculation-) resulted in a 99,9% stake in GESI .
And all this with a " cashless" deal !!
In all the jurisdictions I know of, such a transaction would have required a qualified majority voting of the shareholders of both companies involved.
Also, a detailed upfront information and an extraordinary shareholders meeting would have been mandatory.
What was the proceeding here ? Was everything in accordance with the law ?
for the reverse split, the replacement of the former CEO, and the subsequent huuuge capital infusion
which ( - my calculation-) resulted in a 99,9% stake in GESI .
And all this with a " cashless" deal !!
In all the jurisdictions I know of, such a transaction would have required a qualified majority voting of the shareholders of both companies involved.
Also, a detailed upfront information and an extraordinary shareholders meeting would have been mandatory.
What was the proceeding here ? Was everything in accordance with the law ?
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