GREY:ARGEF - Post by User
Post by
infoseeker99on Aug 30, 2010 2:30pm
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Post# 17396404
shares
sharesAs far as I can tell from looking into old releases on the TSX (RGX site does not list 09 releases
The numbered company was issued 17 million shares with Fancamp getting 9 million among the group is Sheridan group who has Joint ventures with Fancamp and appears to be a shareholder in FNC. (I could be wrong on that last item)
Lets assume that the numbered company shares the same vision and will vote 17 million shares as a block.
It looks like the numbered company can earn an additional 16 million shares. (8 million shares for each of two milestones reached) Their total would eventually be 33 million shares if the milestones are reached.
Mineral Fields participated in an inital private placement which totalled just over 20 million shares comprising of 16 million A and 4 million B shares Mineral fields took 7.6 million A shares and each share entitles them to purchase 1 more share at .40. Mineral Fields appears to be a large holder in Fancamp, large enough that they had to file the insider report.
if mineral fields has 7.6 million and can get another 7.6 million thats a possible 15.2 million
Add that to te 33 million above and you get a possible 48.2 million shares. This does not even include the current private placement or the balace of 12.6 million shares plus warrants. from the initial private placement.
Again I could be wrong, but it does not look like retail controls the vote in RGX
IMHO