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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. > FOR REAL...
View:
Post by SGordon on Jun 20, 2019 8:44am

FOR REAL...

NOBODY is sure of what will happen now! So, we just have to wait and see (and pray)!!   GLTA
Comment by Menace46 on Jun 20, 2019 9:11am
I agree Gordon, at this point we’re all just speculating..., this could go either way, either the beginning of something great or the beginning of the end, but in reality it’s out of our hands. In the mean time we do have a very important vote  coming up..., let’s talk directors, should anyone stay or go? Anyone have any idea why Mr. Ghali had so votes against last year?
Comment by SGordon on Jun 20, 2019 9:23am
I'm not sure that the meeting will take place!? I think they gonna cancel it...  If not, can you (or others) tell me the exact date/hour/place of it?  Thanks
Comment by BLB0691 on Jun 20, 2019 9:49am
It's June 28th at 1pm eastern time at Fasken Martineau DuMoulin LLP, 800 Square Victoria, Suite 3700, Montreal.  You cannot just show up to vote though. The voting instructions that should have been mailed to you give detailed instructions. The timing of this is very odd. Who would do this right before the meeting unless it was forced by creditors.  Mazen and his family have a lot of ...more  
Comment by Astrosmith on Jun 20, 2019 10:48am
After a bit of thinking on this, and admittedly not knowing exactly what is going on, one thing we need to really keep in mind is that RGX is not proposing to shutter its doors. It is looking at restructuring, NOT ceaseing operations.  If we get delisted from the TSX we will end up on a subordinate exchange, not lose shares entirely. Shares of the 'bankrupt' RGX will still be ...more  
Comment by Viosimiri on Jun 20, 2019 10:57am
If RGX are closing the doors what is happening with the patents? Who will own them and be able to use them and continue a deal with China? Is this a posibility?
Comment by zahmed70 on Jun 20, 2019 11:17am
Will go under the hammer ...
Comment by Mininggeneral on Jun 20, 2019 11:33am
Zah, those patents won't go under after restructure, wipe out old shareholders and new shares issues if court grants them. Bankruptcy laws are scam, only benefits people in charge of company and creditors will get something.
Comment by Mininggeneral on Jun 20, 2019 11:35am
Think all bankrupt companies want this, start fresh again and screw old shareholders, which is bs
Comment by Astrosmith on Jun 20, 2019 11:36am
If RGX actually goes bankrupt, their assets would sell to the highest bidder. Most likely for a very low price.  And yes, the acquirers could follow through on the China deal. That is what we don't want. We want a buyot not a liquidation. Common shares will see nothing in a liquidation.  In a liquidation, this tech partnership with china will effectively be a private equity ...more  
Comment by Mininggeneral on Jun 20, 2019 11:48am
Astro, I know we are all hoping for best, but reality if there was a company to step up, Mazen would find a way to delay and restructure after. Look at the crooks at Station Casino bankruptcy, restructure and they still own Station Casino and its doing so well now. Who are we to Mazen, are we his family?
Comment by Astrosmith on Jun 20, 2019 1:02pm
As I say, we've already gone down with the ship. Expect zero, but hold on for the ride. It could be interesting. If they do not buy this out, they will not get the assets. Who knows, they may have already booked their flights to china to get to work with the tech. But they won't own the RGX assets without a proper, shareholder approved, buy out.  RGX will make some people rich yet ...more  
Comment by Moonlightsearch on Jun 20, 2019 1:17pm
Doesn't sound like you Astrosmith "As I say, we've already gone down with the ship. Expect zero, but hold on for the ride."  The ship is far from down and I'm sure as hell not going to accept zero. This is a game of stalling they are playing and I believe we'll be healthier and better when it's over. 
Comment by Astrosmith on Jun 20, 2019 4:42pm
I sure hope so. I have worried about this potential privatization in the past. Only thing is for a management takeover they would need to have a majority of shares. No warrants have been exercsed, they don't control this stock.  I'd love to be surprised to the upside. I'm holding tight because we will learn more soon. Without some kind of management comment we have to assume ...more  
Comment by Menace46 on Jun 20, 2019 4:59pm
That’s been my concern Astro, if we have to issue another 500 million shares to get us out of this mess then who holds the majority!?
Comment by Astrosmith on Jun 20, 2019 5:36pm
I am thinking it would take 200 million shares to buy out the notes lol Still no one would hold a majority, but I would imagine at that amount a block would be formed which would be able to exercise control.  Honestly, that would be fine. If we can clean up the balance sheet, trigger the warrants, end up at a billion shares and do a 10:1 split, come out of this with 100 million shares ...more  
Comment by Moonlightsearch on Jun 20, 2019 12:56pm
Mazen has no intention of going bankrupt, between him and his brother they have 40 million common shares and years of time invested. This is a strategic move to buy time until the China deal goes through and protects them against the market attack taking place by the vultures and the panicked. One of the things that attracted me to RGX was the amount of "skin in the game" that the ...more  
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