Jan. 15 at 1:25 PM
$QIMCF From my understanding (correct me if I’m wrong) but in very simple terms a Shareholders Rights Plan (sometimes called a poison pill) allows a company to threaten to block an aggressive takeover by issuing new shares at a discount to existing shareholders, example below.
For example, if Koloma started buying a ton of QIMC shares on the open market up to a certain threshold set by the plan (let’s say 20%), legally when Koloma reaches 20% they have to declare that they are trying a hostile takeover. The plan then allows QIMC to issue shares to every existing shareholder (except Koloma or whoever is buying the 20%) to buy shares at a discount (say 50%), do this makes the company more expensive to buy as the shares outstanding almost double, this protects existing shareholders if the value of the company is low in the market (which I believe we are) and if someone was trying to buy us out before a major milestone (like commercial flow rate), just my opinion
