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  4. Quantum Materials Corp. (QTMM) Message Board

I've given the example of a hostile takeover previ

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Post# of 22465
Posted On: 12/18/2016 7:24:08 PM
Posted By: jamis
Re: chessmite #4284
I've given the example of a hostile takeover previously. If our large block, call it 40% she move some haven't reported, starts selling at $1-3/share, the management starts selling to finally take profits, and Carson and Posners start selling to take profits, how much of that volume hits the market in a short period of 6-12 months. How easy is it for another entity to buy on the open market until they have 50-65%? That's hard to say and depends on the sell off for profits. It's just an example of why preferred shares with specific powers for voting against at takeover may be needed.


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