Ann: Company Update - Financing Documents Signed , page-9

re: Ann: Company Update - Financing Documents... "P.S. I find it especially interesting that the dissenting Directors take issue with Glencore's 9.9% stake when YTG has a much larger one."

Yeah, their "arguments" are pretty self-serving. Them crying "dilution! dilution!!" is just as ridiculous
- first, because its highly likely that YTC will be able to pay back the notes
- second, if for some reason there were trouble with that, all YTG will have to do to avoid such dilution is giving YTC a bridge loasn to pay off the notes. It's not like they can't afford it ...

Hypocrites ...


@flamenco: I'm pretty sure its 50% (a "simple majority of VOTING shareholders" as Makwa said) but DYOR