I was given couple of thousand shares a few years ago. In all they are not worth a fortune so the money is not an issue.
I know nothing about shares as they don't interest me a great deal. Seems there is a takeover and reading the booklet sent out it stated if I don't accept the offer I risk being a minority share holder and you take all the risks as a minority share holder.
I also received a cold call from the Co doing the take over a couple of days ago and basically wanting me to accept the offer. I thought this a bit odd.
The current directors have indicated to accept the offer. Of course if the Co doing the takeover gets 90% they will do a compulsory buy out anyway and they are currently 54%. I feel like just leaving them as is and see what happens down the track.
Over to the more learned on the forum for my Stupid Q - What is a minority share holder .... I assume one with out any voting rights or if it collaspes I would get zip.
Brian
I know nothing about shares as they don't interest me a great deal. Seems there is a takeover and reading the booklet sent out it stated if I don't accept the offer I risk being a minority share holder and you take all the risks as a minority share holder.
I also received a cold call from the Co doing the take over a couple of days ago and basically wanting me to accept the offer. I thought this a bit odd.
The current directors have indicated to accept the offer. Of course if the Co doing the takeover gets 90% they will do a compulsory buy out anyway and they are currently 54%. I feel like just leaving them as is and see what happens down the track.
Over to the more learned on the forum for my Stupid Q - What is a minority share holder .... I assume one with out any voting rights or if it collaspes I would get zip.
Brian