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Please have a second read of my post from earlier today. They are using a ``plan of arrangement`` approach. I have edited my post to reflect this. It means it is essential for you to vote if you want to influence the outcome.
Of course nobody would be obliged to posting their number of shares, and all other comments should be kept in other threads to keep it well organized and simple
OK. "No" is better than "Yes". But "No" is probably not the optimal scenario. Even if CMM doesn't get sold to WTG, we would still be stuck with Daniel Major / Maxim Finskiy... and these guys will find a way to kill shareholder value if they so wish. Since CMM is in play right now with this proposed merger, the optimal scenario would be to find a White Knight... so rather than spending our energy trying to organize dissent and a no vote, wouldn't it be most effective to direct our efforts to attract a White Knight? Does anyone know a good investment banker in the gold mining space?
I have good reason to believe that Finskiy is not averse to a White Knight bid and would sell out of CMM at the right price.
``While White Tiger recently completed a private placement, those shares are locked up and can’t be traded.``
I wonder if this is true or if they just assumed it would be locked up. I wonder if they got this from the White Tiger Gold CEO when they interviewed him back in December.
As mentioned before, I couldn`t find the typical 4 month hold on any of their documents. I wonder if this is different kind of lock up. Either way, I believe they are required to disclose any type of holds, lock up, freeze, etc., via a public NR.
If those 24.8 million WTG shares are truly locked up and has not been disclosed via the required avenues then it is yet another item for us to include on our list, if a future shareholder legal case is launched. It would mean we are being offered a business combination without complete disclosure of influences behind the WTG share price.
Also, if the lock up is correct, and if it is a 4 month lock up, those 24.8 million shares could be hitting the market come end of April or May, depending when the official close date was and the length of the lock up. The NR with the completion announcement was December 29th.
I should also mention that when the info was gathered by the Globe & Mail person might be important also. WTG did a small financing back in September/October period. Those shares stated a 4 month hold. They shouldn`t be locked up right now. However, if the Globe & Mail person gathered the lock up info while talking to the White Tiger CEO back in December (during the initial interview), it`s possible that the 2 of them might have been on a different page as to which financing was being discussed with regards to the lock up.
HI prod05 "..then it is yet another item for us to include on our list if a future shareholder legal case is launched" I am glad U are methodically assembling all the most valid n irrefutable evidences for the potential legal case. At the appropriate time I hope U are able to put up a summary of all the points for good reference. Tends to get blurred by all the fury that is raging. Tks n many Cheers!
10 comments:
Should we start a post directly for the purpose of tallying up the dissident shareholders and their shares in which they'll be voting NO?
It's a bit intrusive, but it might be a good idea to get a general number of the how many shares will be voting NO from the online community.
Of course nobody would be obliged to posting their number of shares, and all other comments should be kept in other threads to keep it well organized and simple
Just a plain comment like this
for example..
Username - (Yes/NO) - # of Shares
The individual "Fair for All" posted this on Agoracom and is awaiting Carib for signup here:
Link text
OK. "No" is better than "Yes". But "No" is probably not the optimal scenario. Even if CMM doesn't get sold to WTG, we would still be stuck with Daniel Major / Maxim Finskiy... and these guys will find a way to kill shareholder value if they so wish. Since CMM is in play right now with this proposed merger, the optimal scenario would be to find a White Knight... so rather than spending our energy trying to organize dissent and a no vote, wouldn't it be most effective to direct our efforts to attract a White Knight? Does anyone know a good investment banker in the gold mining space?
I have good reason to believe that Finskiy is not averse to a White Knight bid and would sell out of CMM at the right price.
Could be worth posting some "Comments" at the bottom of this article - good chance it might be read by a certain community!
Globe and Mail Link
Doc, you beat me to it...
Wow, Globe and Mail did the work for us.
From the Globe & Mail article:
``While White Tiger recently completed a private placement, those shares are locked up and can’t be traded.``
I wonder if this is true or if they just assumed it would be locked up. I wonder if they got this from the White Tiger Gold CEO when they interviewed him back in December.
As mentioned before, I couldn`t find the typical 4 month hold on any of their documents. I wonder if this is different kind of lock up. Either way, I believe they are required to disclose any type of holds, lock up, freeze, etc., via a public NR.
If those 24.8 million WTG shares are truly locked up and has not been disclosed via the required avenues then it is yet another item for us to include on our list, if a future shareholder legal case is launched. It would mean we are being offered a business combination without complete disclosure of influences behind the WTG share price.
Also, if the lock up is correct, and if it is a 4 month lock up, those 24.8 million shares could be hitting the market come end of April or May, depending when the official close date was and the length of the lock up. The NR with the completion announcement was December 29th.
I should also mention that when the info was gathered by the Globe & Mail person might be important also. WTG did a small financing back in September/October period. Those shares stated a 4 month hold. They shouldn`t be locked up right now. However, if the Globe & Mail person gathered the lock up info while talking to the White Tiger CEO back in December (during the initial interview), it`s possible that the 2 of them might have been on a different page as to which financing was being discussed with regards to the lock up.
HI prod05
"..then it is yet another item for us to include on our list if a future shareholder legal case is launched"
I am glad U are methodically assembling all the most valid n irrefutable evidences for the potential legal case. At the appropriate time I hope U are able to put up a summary of all the points for good reference. Tends to get blurred by all the fury that is raging. Tks n many Cheers!
P05
Can I say that first we try to defeat the deal by voting failing which we still can opt to pursue the case on legal grounds?
Doc Is it possible Glodemail can be notified that for shareholders responses they can found in the various blogs including ours?
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