Re: what can we do?
in response to
by
posted on
Mar 30, 2015 02:11PM
Focusing on the Dallol Potash Project in Ethiopia
Did Liberty get special treatment. They own some common shares as well? Our Shareholder Right's Plan dicates equal treatment. I bet a judge would sway to our side.
For now, please put me down for 85 000 NO votes.
On December 6, 2011, the shareholders approved a Shareholder Rights Plan for the Company. The Shareholder Rights Plan is designed to provide shareholders and the Board of Directors with adequate time to consider and evaluate any unsolicited take-over bid made for the Company’s common shares, provide the Board of Directors with adequate time to identify, develop and negotiate value-enhancing alternatives, encourage the fair and equal treatment of shareholders in connection with any take-over bid for the Company’s common shares and generally to prevent any person from acquiring ownership of or the right to vote more than 20% of the Company’s common shares while the process undertaken by the Board of Directors is ongoing.
Pursuant to the Shareholder Rights Plan, rights were issued and attached to all outstanding common shares. Each right issued is exercisable at $100. Rights are only exercisable under certain circumstances