Deadline

Deadline
The public stockholders of Liberty Telecoms have best until nowadays to sell their shares to Vega Telecom Inc.
Whether or not they take delivery of its valuation at P2.20 consistent with percentage, they can’t do whatever against it except to visit court docket and query the price.

As of yesterday, the public had now not made a common stand towards what they might recall a very low fee for their blended possession of a hundred sixty five.88 million LIB stocks, equal to twelve.Eighty two percent.

If the public were answerable for allowing Liberty Telecoms to list 1.294 billion issued and first rate not unusual shares, the general public stockholders would now not care in any respect. They have to keep in mind that groups listing their shares to store tax on issuing shares to their majority owners.

As for the public, why must the households who manipulate indexed corporations be grateful to them? They are accurate best for the ease of the rich and the very wealthy who manage the country’s wealth.

By the manner, the so-called public ownership in indexed organizations is a misnomer, except the SEC audits their ownership profile and determines they’re compliant with the 10-percent minimum public ownership rule.