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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

Bullboard (OTCPK:ARNBF)

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Comment by rad10on Jul 25, 2014 12:58pm

RE:Shares upon redemption of the debentures

excellent post serious invest - sad but true.  This proposal is essentially a refinancing whilst maintaining jobs for the boys.  Without  LTS support this deal is dead in the water..... ...more  
Comment by teeveeon Jul 25, 2014 9:51am

RE:RE:RE:teevee, debenture redemption

 You apparently dont get it that the paragraph you quote doesn't govern the paragraph I posted. The company may pay with stock, and do so at 95% of market price. Needless to say, if the deal ...more  
Comment by jd43xlon Jul 25, 2014 8:05am

RE:RE:teevee, debenture redemption

But why did you leave out the most important paragraph in the prospectus? That is no different than lying.
Comment by ThompsonRob007on Jul 25, 2014 2:00am

RE:Shares upon redemption of the debentures

While I respect your viewpoint as a shareholder (and debenture holder) I struggle with anyone who suggests that members of the board and management should resign. The AGM was a month ago, and I can ...more  
Post by BWJohnon Jul 25, 2014 1:48am

What are they smoking?

Quote" "For the past two years, we have successfully put Arcan's operations back onto solid footing"! REALLY? I looked up the SP from two years ago $1.60 and they've ...more  
Comment by teeveeon Jul 25, 2014 12:31am

RE:teevee, debenture redemption

jd, I am not here to argue. I stand by my reading of the prospectus so I guess we will have to differ on our reading and understanding. Good luck to you.
Post by jd43xlon Jul 24, 2014 10:22pm

teevee, debenture redemption

You left out a very important paragraph, which says that ARN cannot redeem the debs early unless the share price is above the conversion price; "The Debentures shall not be redeemed by the ...more  
Post by seriousinveston Jul 24, 2014 7:05pm

Shares upon redemption of the debentures

I have no problem getting shares in lieu of cash (although I would prefer cash).  When it gets close to the time that the debentures must be repaid, it will be obvious(unless there has been some ...more  
Comment by teeveeon Jul 24, 2014 5:32pm

RE:Shares for debentures

LOL......From the prospectus (in English) for shareholders who might want to against and get diluted, and for debenture holders who might want to vote against and get paid in shares instead of $.825 ...more  
Comment by teeveeon Jul 24, 2014 2:41pm

RE:RE:RE:new plan of arrangement

CPG and LTS own about 38% of the shares, and yes, if they sell any, they have to report as an insider. I didn't attend the annual meeting, but heard a rep from LTS stood up and screamed he would ...more  
Comment by ThompsonRob007on Jul 24, 2014 2:15pm

RE:Marvellous a company named after a Lamborghini..............

Your post leads to the classic question "which came first, the Spanish Fighting Bull or the exotic car that I will never be able to afford?" Answer = the Bull https://en.wikipedia.org/wiki ...more  
Post by rad10on Jul 24, 2014 1:58pm

Marvellous a company named after a Lamborghini..............

Where do they get this nonsense from ?  Spyglass was named after the cronies favourite golf course and resort.  Look where that got investors...................
Comment by ThompsonRob007on Jul 24, 2014 1:57pm

RE:RE:new plan of arrangement

Teevee: Good post. Those are 2 of the questions every bond-holder/shareholder has to answer to themselves. Still tyring to determine if Arcan can convert debentures to common stock before the ...more  
Comment by rad10on Jul 24, 2014 1:55pm

RE:RE:RE:new plan of arrangement

Tx for the link Zenda - appreciate it.  If there was an alternate deal wouldn't it have surfaced by now?
Comment by ThompsonRob007on Jul 24, 2014 1:08pm

RE:RE:RE:RE:Fire the lot

IROCTSXV, Do you have proof that BarneyMillar is an insider at Arcan? I have read several of the posts and I don't see the connection to Arcan's management or Board. Trying to digest the ...more  
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