@COD can you please explain further why MMJ are required to divest HVT - I simply view those guidelines you’ve referred to are simply regulations on significant holders divesting/increasing their holdings - a notice of intention has to be lodged prior to transaction and a 1 week window applied to said transaction.
As for the 20% rule - I read that as the same as the ASX regulations - any entity/individual or company taking a stake of >20% in an Australian (or in this case Canadian) listed company has to lodge whether or not they have intentions of a takeover!
As MMJ already held 30% of HVT and clearly not in the business of running individual MC companies etc (LIC) I don’t see the relevance?
AIMHO!
MMJ Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held