Scenario:
ECE buys 51% for ~$47 million - money gets deposited in GBE account - ECE stack Board with ECE directors, and control the Board - new Directors immediately resolve to de-list the company with the consent of the major shareholder, ECE - remaining GBE shareholders (49%) get paid $0.405 for their shares.
result: ECE manages to acquire 100% of GBE using the money they initially paid to acquire 51% of the company.
- am I crazy or could this happen?
good luck
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