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Bullboard - Stock Discussion Forum Cadillac Mining Corporation CQXFF

Metals & Mining Industrial Metals & Minerals

GREY:CQXFF - Post Discussion

Cadillac Mining Corporation > Now the question is...if PLG continues to decline
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Post by aweigh on Jul 24, 2014 4:31pm

Now the question is...if PLG continues to decline

will CQX management try to squeeze a few more shares or maybe a cash component out of PLG or risk a no vote by the CQX shareholders.
Comment by jsnfernley on Jul 28, 2014 4:08pm
I don't think they have any leverage to do so. If you read the details closely, Pilot is going to retire the working capital deficiency of CQX, which is primarily due to related parties.  This is over $900k alone as of 5/31/14. If CQX takes any of the up to $200k Pilot is making available in a senior secured line of credit, also per the agreement, and the deal doesn't go ...more  
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