Argex Titanium Inc. ARGEF

Solicitation Package

[Menace46]

Are we able to view the solicitation package PWC issued to the 35 existing producers/potential bidders? Just for fun, anyone have any “guesstimates” on how we’ll be valued? I’ll say 25-45m minimum. Also, can someone please clarify how exactly this “stalking horse” bidding process works, are we 100% going to be sold off or do we have chance to restructure based on the valuation of the stalking horse bid?

[Mininggeneral]

Menace, Stalking horse bid is Mazen's new company, if he wins shareholders are done. You must be drinking too much kool-aid if you think bidders will even come close to that 25-45 mill. If that was the case, then the devil wouldn't have needed to declare bankruptcy. Current bid is probably less than 1 mill, so will need well over 5 mill for shareholders to get anything, so need bidding war

[Napoleon001]

A stalking horse offer, agreement, or bid is an attempt by a bankrupt debtor to test the market for the debtor's assets in advance of an auction of them.[1][2] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction.[3]       Contents  

[hoosrmlkmkr]

thanks nap... i tried to clear that up earlier, but must not have done a very good job.  Also, we are all stakeholders, since we are shareholders.  If any of us were to have extra cash laying around, we could also join in the stalking horse bid...

[Mininggeneral]

Hoos, not possible to join Stalking Horse because Mazen's company, doubt he will let you join. Will need to submit your own bid.

[Menace46]

Thx Nap, I understand that part..., what I don’t understand is wether restructuring is still an option, or wether we are absolutely 100% going to be sold to the highest bidder?

[BAWCAW]

A stalking horse bid is used to establish a floor. If the bid wins, restructuring could happen, we could/will be wiped out. It is possible our best bet is that there are multiple parties highly motivated to buy the tech

[Menace46]

Thx BAWCAW, with what has been invested into establishing this tech over the years and if it truly is the game changer we all have been lead to believe it is, 25m is peanuts(in my opinion), and I’m sure there will be more than a few motivated bidders. GLTA(except the shorts, hope you go down in flames)

[Napoleon001]

PPG research & development expense has been over $100M per qtr since 2013. If the tech is truly disruptive then they among many others should be interested in ithe company even if just to license the technology. https://ycharts.com/companies/PPG/r_and_d_expense

[Menace46]

Exactly Nap, whatever is gonna happen is gonna happen, all that’s sure is that  Argex will be fairly valued by the time the dust has settled. 

[Mininggeneral]

Nap, Stalking Horse is Mazen's company, obviously, he is looking to get it as cheap as he can. If he cared about the shareholders, he wouldnt have gone this route.

[BAWCAW]

Stalking horse isn't the name of the company. It's the type of bid. It is alnaimis number co, however. So you are correct in that. His intentions however are not clear. I am not sure this is a great plan of his intentions are to take the company. While shareholders may not receive anything, he could easily be outbid and also receive little beyond the value of his bid.

[Astrosmith]

I think we can expect some surprises in the next month There's no way to see all the cards