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Searching acquisition partner as shareholders

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thatguy1

Junior Member
I'm speaking for a group of common shareholders of a US-OTC public corporation (incorporated in Nevada).
The company does all of its business in Europe through a fully-owned subsidiary and some equity investments. The stock is essentially illiquid with close to zero trading volume despite some overall healthy operations abroad. There is no apparent interest of the management team to alter this situation. For all, the continued opportunity cost is a burden. I'm wondering if there are any legal consequences if shareholders independently reach out via media channels to search for a potential acquirer of the outstanding public equity. The basic idea is that the publicly-held ownership will be much more valuable in the hands of a single strategic investor while current shareholders would be released of a burdensome asset.
 



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