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Bullboard - Stock Discussion Forum Argex Titanium Inc. ARGEF

"Argex Titanium Inc is a Canadian company producing high-grade titanium dioxide (TiO2) pigment. The company has developed a chloride-based technology, which is environmentally sustainable. The white pigment produced by Argex is to be used in high-quality paints, plastics, specialty, and other applications."

GREY:ARGEF - Post Discussion

Argex Titanium Inc. > It’s all over ...
View:
Post by toadollar on Aug 30, 2019 3:13pm

It’s all over ...

Only the stalking horse bid. Nothing left to discuss
Here endeth the lesson for us all.
Comment by Menace46 on Aug 30, 2019 5:12pm
Looks like the ISP went down exactly like Alnaimi would have liked(what a shock). I’m honestly blown away there wasn’t any serious bidders, must have been some damning info in that confidential data room, or this company never truly was all it was cracked up to be... But if that was the case why would Alnaimi even want it?? Another point I find interesting is that only today has it ever been ...more  
Comment by Menace46 on Aug 31, 2019 10:09am
Anyone else find it odd that they raised nearly $1m in March but they couldn’t set aside $160k for the engineering & design package which was completed in April, that we’ve been waiting years for and is probably the most crucial piece to Agrex’s success!?
Comment by TITANIUMJOE on Aug 31, 2019 11:01am
I agree. Negligence of not getting the engineering package causing a huge devaluation. A great devaluation to detour other bidders, so the CEO could pick the company up and complete the important task after his solo bid was accepted. Nice little story. In the best interest of investors? Yes class action lawsuit. I believe in a corporation situation, the lawsuit can go beyond the corporation to the ...more  
Comment by Menace46 on Aug 31, 2019 11:09am
I believe that the Chinese & Vietnamese were intentionally left out of the solicitation process due to the deals we already have in place with them. 
Comment by Menace46 on Aug 31, 2019 1:49pm
I’m positive that if the ECEC & Hung Thinh would have had the engineering package we would have seen at least some sort of bidding activity. One would have to think either of them would have jumped at the opportunity to own the tech outright easily outbidding Alnaimi... Wouldn’t surprise me if the rejected bidder was just trying to stall until the engineering package became available....
Comment by Napoleon001 on Aug 31, 2019 5:40pm
It's beyond belief that existing investors would not have put up the $180K or so needed to pay for the engineering package rather than lose their entire investment if they had only been informed.
Comment by Menace46 on Aug 31, 2019 6:25pm
I would have been happy to buy into another series of secured convertible notes rather than be scammed out of my entire investment. 
Comment by joeyxx on Sep 01, 2019 6:09am
... the board should be arrested! 
Comment by joeyxx on Sep 01, 2019 6:11am
Does this all goes hand in hand with the terms of the TSX?..... I don't think so! 
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