RE:King makersGood call, Flashcash. The "Yes" votes so far, and their total isn't changing it
seems, are basically all the big-boy players, the intertwined bank and banking votes, insiders, insiders, insiders. You could tell easily - they all voted the first two days, and then crowed about it (thanks for signaling what you did, guys, appreciated). Their total doesn't change, because their lawyers have all voted. No actual people involved. Nice and clear.
Cutting themselves a favoured deal. Titan - wash, rinse, wash, rinse, repeat - they extirpated, completely got rid of all the retail shareholders already before, ran the stock down to $0.0001 and bought all the real people out, all together, for the price of a junker car. Then issued shares to insiders-only (amazing isn't it - that is "legal", what the?) ... and presto, they own everything. Dynasty, Copper Duke, Linderos, all with somebody else's name on it. Maybe cash in the Cayman Islands. You've seen it on the street, and you can see it on youtube: Three-card-Monte.
Hmm, $0.0001 stock sounded ridiculous when I first read it - I'd never heard of a price like that, but Titan was already down from $324.46 to $0.024 with their "premium" claim (what movie was that, some airplane movie where there was a loss of altitude by 10,000 times?), and all over again, already now down to 0.016. Then probably a raise at what 0.009? The small numbers, it's hard to keep track of all the zeroes. Lots of zeroes - that says something.
Then retail shareholders - i.e. actual people who work for a living and save - head for the exits with their - ugh - 10 billion (no joke, with the authorized and extra-authorized raises) ,Australia-only shares (no Canadian or UK listing for YOU, Ludmilla says), so $0.002? Then 10:1 rollback that Titan already baked in to their "offer". Is this a sequel, "The Big Short: II" ? Back to $0.0001 again? What a ridiculous number. Any Canadian or US shareholder throws shares like that away.
Whereas normal people, real shareholders that don't play with other peoples' money, are surely about the next 100 or 200 or 300 people voting, and from what I gather, nearly every one of them that isn't likely a friend or family of insiders is voting "No". How imbalanced is that. This will figure big in the movie version.
So flashcash - you hit the nail on the head. Reading the various releases
from people crowing about the numbers, and knowing that Vertex and Washer each have about 10,000,000 shares (see the Silicon Investor page for exact numbers), they really are Kingmakers - they choose for all of us, even though every vote still counts, more than ever, more than ever!:
** Vertex "Yes" + Robert Washer "Yes" = probable overall "Yes" vote **
Vertex "Yes" + Robert Washer "No" = probable overall "No" vote
Vertex "No" + Robert Washer "Yes" = probable overall "No" vote
So if the overall vote is a "Yes", then Vertex and Robert Washer can't hide
behind each other - they will be responsible, it looks, for deciding whether
or not the fervent will of:
1) real shareholders that have been here since at least 2004 (chatted with another such shareholder today - another really solid "No"), real people who saved, invested, and sweated over their carefully-nurtured cash futures and pensions - whether those people get a decent shake, or
2) some sharkskin suit people who have already demonstrated that they can walk away with everyone else's money. They would laugh at regular shareholders - would they be laughing at Vertex and Robert Washer too? The promises they made with other peoples' money - wafting away on the breeze, under a palm with a tray of drinks at their sides?
Robert Washer has claimed a million times, and now is going to explain 10 billion times, how he only cares about the interests of the shareholders. He did work mightily, and he did keep the share count at 46 million, and he did get the concessions going, truly due three hurrahs! Yet the tide will go out on him like it does on all of us, and he'll be standing naked - what's the real truth about caring for shareholders? Are all the regular shareholders going to be nullified? The naked truth will be plain to see.
Vertex - they did valiantely come in with cash, and bought shares, exercised good faith and patience all the way, and rightfully have to be thanked for that - Vertex is a good outfit - hurrah and hurrahs! But hey represent a certain set of values, on top of their NAV to shareholders - when the tide goes out, what does Vertex Asset Management stand for? As on the "Lucy" show ... there may be some "'Splainin" to do ...
On the other side, there is financing on the table - intrepid shareholders got our management to admit that during Gregg and everyone's "fireside conference calls". And Zhao Jin, an elegant, moral, and powerfully successful company, not changing with the winds, patient and having vision, waits every day to propel Core two stages ahead, to become a major producer and large-scale explorer. They would never have allowed the press release about their committed willlingness and constantcy to go out without their ok - that should be obvious. That would probably mean $dollars for Core Gold shares, on Canadian and US markets, instead of $0.0001 or $0.0002. Just nothing for the shark-skin suits.
So .. Vertex + Washer, it takes them both, and the one reveals the other.
There may be some "'Splainin" to do ...