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Block Ukx
KDM Corp
Firmus Ixion
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Posted - 2008.01.29 21:43:00 -
[1]
Ridic,
Whether you issue a shareholders vote or not, the proper way to do the merger is to first determine the corporation NAV thru an audit.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
KDM Corp
Firmus Ixion
|
Posted - 2008.01.29 22:51:00 -
[2]
 Originally by: Myrdyr
I find this particularly of interest since I face a similar circumstance in the near future. If someone running an IPO wants to quit running the IPO, and they have no replacement, what's the equitable solution?
Only solution is to liquidate the company and do a final dividend.
Originally by: Myrdyr
I'm of the position that investor isk in an IPO does not entitle IPO-holders to a share of the business, and that assets held by an IPO are collateral against the isk paid in.
Incorrect, shareholders own the bussiness, unless is a bond offer.
Originally by: Myrdyr
A liquidation, either in fact or through isk-reimbursement for a value of the goods, should be sufficient to repay the obligation held by the individual running the IPO, IMO, and I've run into some pretty serious disagreement with my (private) shareholders about this.
A liquidation involves selling ALL the corp assets and delivering a final dividend.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
KDM Corp
Firmus Ixion
|
Posted - 2008.01.30 12:25:00 -
[3]
Originally by: Ricdic's Hoe
1) C-R-A will go up for auction. It will start at a price of 10 billion isk and sell for whatever price it reaches. C-R-A shareholders will then recieve final dividends based on this.
Do you have a statement of assets own by C-R-A?
Originally by: Ricdic's Hoe
OMG Enterprises won't be happening as the key element of it was my ability to privatise it over a few months so I could reduce my public liabilities. Anyway it has been made quite clear to me that EBANK won't have anything to do with this so OMG will not be created.
I donĘt see why you would need an EBANKĘs loan to go private. You could have simply stated your intention to buy-out shareholders.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
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