Argex Titanium Inc. ARGEF

This is what will happen as in all bankrupt cases.

[Mininggeneral]

Argex is in the hole either 5-6 million, so Mazen will probably offer 5-25 cents on the dollar to the creditors. I think majority will accept, either get something or nothing as in all bankrupt cases. Mazen will have to take out money to cover the creditors, which will wipe out all shareholders. The biggest key will Mazen pay out the creditors when the technology has never been proven after all these years?

[Astrosmith]

The reason this is all happening is BECAUSE the technology is now proven, indiustry accepted, and bankable. It is hard to beleive think they could raise PP money with the uncertainty of 2017/18 and wouldn't be able to do another now that all the parts are in place. We haven't seen the proposal yet, but logic would dictate that a PP now would be easier to market than the last few, so why

[Mininggeneral]

Astro, If the technology was proven why wasn't there any licensing deals to get some cash flow? They have been bleeding money all these years, no money has come in except raising money. You can't run a company like this, you will go bankrupt as in this case.

[Astrosmith]

That was the China deal. Commercial financing is in that arrangement.  There has been no revenue streams to tap yet. Not unusual for a non-producing company.  China may very well be part of this buyout, if a buyout is planned. In which case we will get a shareholder vote on terms.  People still are assuming this is a bankruptcy filing. We need to see the proposal. Bankruptcy

[grandpa67]

If there plans goes the way they are planning it, shareholders get nothing they keep the tech and go private. Makes me sick that he kept us for the ride and now he and the board members get the prize.

[Moonlightsearch]

Like to get a real legal opinion on this, sound totally off the wall and far fetched...........

[Phroin]

If this is the case it is blatant. After reading Part # of the BIA I am confident they will lose a class action if you are found to be correct. I will speak to my lawyer tomorrow.

[grandpa67]

Thank-you Phroin,There is an imminent need to assemble as many shareholders as possible to fight Alnaimi and group.There is strength in numbers.We need to stand together against this premeditated scheme.

[Moonlightsearch]

Submitted my name to below but have heard nothing yet. There should be news on the AGM coming out etc but every day after day more nothing. Never felt more like a mushroom than now..... If you are interested in joining a legal effort confronting this shameful bankruptcy please contact [e-mail]  Please list the number of shares you hold and your name.  Thanks,  Jon Grunseth

[turr]

This stuff happens too often in the Canadian market. No good to go to IROC because they don't give a s#it about you or me, the retail investor, the same thing as the government. The only one who can help us is a judge. MHO. I don't know much about this stuff because I'm old and stupid, that's the reason I'm in this piece of Krap. But there are people here who do know. We need

[Mininggeneral]

Grandpa, It doesn't matter if all shareholders band together because it I don't believe Mazen mislead any shareholders by putting out timely releases. We all chose to believe in his magic. The only way this will work in front of the bankruptcy judge, the offer must be better than Manzen offer. Who in the right mind is going to put up more money when they got taken to the cleaners?

[Mininggeneral]

Same case happened at Station Casino, Frank Fertitta satisfied the creditors and stole his old company and the shareholders got nothing. I can't see it going any other way until they change the bankruptcy laws.

[Viosimiri]

Why nothing is done about this matter in order to protect the small investors? Why the government what to maintain this situation. I was thinking to invest in canadian companies to keep the money in the country and help us do better, however if I knew about all this unprotective laws, I would not invest a dollar in Canada. This is sad and not good business, at least for us the small guys.

[Mininggeneral]

Vio, not in Canada, I think it's done worldwide. Debt holders are the ones that need to be satisfied first and most bankrupt companies their debts are way higher than what company is worth, that's why shareholders are always left holding bag.

[Viosimiri]

From what I remember he build up a company and sold it with 800 mill, so why people think so bad about him. Maybe is not even close to the scenarios you guys are talking about. Don’t get me wrong, I still have my 1.4 mill shares and a big chunk of money to loose but I cannot be so negative about things that have a high level of unknowns. This is me - maybe is stupid but.... I think the company

[turr]

 Well look at it this way,  First, do you believe someone knew what was coming down the pipe before most of us?... If yes, (and how else could you honestly reply) then that's not legal and is really, corrupt. Second, do you believe those company officials may have also known what was to come and may have been involved? Someone had to let the cat out of the bag? Third, obviously, the

[Mininggeneral]

Turr Third, obviously, the company knew about bankruptcy issues long before China deal so why would they put that out there before letting us know about bankruptcy issues? I think you are on to something

[Menace46]

So someone could sell...

[grandpa67]

the team from 8020 are working on this. Yes when I heard I thought this can not be true, but it is. I'm very sick and angry to lose out on a billion dollar company after all these years. Simply greed

[Moonlightsearch]

There are greater forces at work here than appear on the surface. For a now proven disruptive technolygy the 5-6 million debt is just chicken feed compared to the billions at stake. There may be a restructuring of some kind but there is no way the company is going under or Mazen is walking away from the time and money he has invested in this company. The China deal must be valid, there is no way

[grandpa67]

Alnaimi is not walking away. Sure he is going to lose some shares and warrants Guys the debentures own the technology. This was done from the secured notes, of 2.4mil. Alnaimi put in 1.2mil so he personally owns half the tech. The board members also own debentures so they would be glad to vote in favor of bankruptcy. So shareholders will get nothing. Argex with these deals will be worth billions

[Jacksha]

This is very accurate. AlNaimi will end up owning the company in less than 30 days unless someone comes in an makes an offer. Ordinary Shareholders - DO NOT hold out hope in AlNaimi's good faith.