The Share Price Free Fall, Leading To A Corporate Takeover?Rockcliff management seems to have done everything possible to devalue their own company's share price.
-Roll back talk.
-Winter drilling program prematurely terminated. No explanation!
-An apparent delay in drilling results from Bur.
-No stock promotion.
-The matter of obtaining a possible, needed near term financing, apparently under company duress during these extraordinary selling conditions, could now be perceived as difficult to accomplish!
-There is no obvious potential, present day buyer of any of the company's valuable assets. Does anyone, really believe this to be the case?
This company apparently has some really good assets with more to be discovered, once a more adequate drilling program has been accomplished.
But it does make you wonder who has been behind all of the recent selling, doesn't it?
I can't prove anything, but corporate insiders do stand to benefit, if they are getting set to make a cheap takeover bid.
They know that Rockcliff Metals is worth a lot of money to any potential miner! That's why so many exploration dollars, have already been spent.
These most understanding corporate elites have a controlling interest and both sit on the Rockcliff board (Greenstone and Olive Resource Capital).
The market cap at .015 cents is already less than 6 million dollars.
If the share price falls to 1 cent or less, it could cost less to buy the remainder of the company from the remaining retail investors than to upfront another cheap private placement to fund the company for the next 6 months of drilling. It would cost them next to nothing!
It's too bad that unethical practices may allow the majority shareholders to screw the small retail investor!
If the price falls to 1 cent per share, and a takeover bid is eventually offered, maybe we will get a small premium of perhaps, 2 cents per share?
Believe me, I have experienced this kind of cheap takeover action before after some extraordinary selling had been done.
I was once invested in a small infrared medical camera company, which made exactly this kind of deceptive move, before they took over, all of the remaining company's capital and disappeared into China.
Once there, they re-invested the money into a private company, on behalf of the majority shareholders (anyone with more than 2 million shares). That company was trading at 2 cents and the minority retail shareholders were then offered, only 4 cents per share.
This kind of ridiculous cheap selling would not be what any sane retail investor would normally do.
Who really are most of the buyers and who is representing the sellers here?
These kind of losses would be devastating for any sensible person to take!
I will patiently wait for news.
At least, we may get some of our capital back.
But we won't get the proper reward that all of us, most certainly deserve!
Lets hope that I may be wrong in my negative assessment of this company's present situation and that better days, may still lie ahead!
If not, then I guess that most of us, will feel battered and bruised, as we limp, uncertainly and slowly away!
We may get something, but never, as much as them!
Let's see what happens!
Good Luck to all, Java