OTCQX:DMMIF - Post by User
Comment by
Malpeque2on Oct 11, 2019 10:52am
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Post# 30221830
RE:RE:RE:RE:Question for EDX
RE:RE:RE:RE:Question for EDXI am certainly not an "expert" on Admin vs. Bankruptcy in Aussieland. BUT, it seems like Minera shareholders were not completely "wiped out" like most Bankruptcy cases in the US./Canada.
Seems like the MO is THis thing sits in Administration for years, and then insiders to CORE GOLD and their "frineds and familY' can go around in Aussie and use the share register to round up majorty of the pre-Titan shares at next to nothing, a tiny sliver of the supposed $50M valuation today, and then rebirth the company.
Then they , the BOD4 and their "friends and family", "steer" the Core Gold public back in Canada to a stock merger with Titan, at a supposed $17 or 18 cents with 2.5 shares to one, not realally any different from the previous deal except that the previous one had BOD4 and outside "independent" financial advisor approval and a shareholder vote, this one has no such structure, but still the same worthless titan shares.
IF I pay next to nothing for Titan shares, and throw in some assets for more shares that make it look like something, and then controll the float at 17 cents, and use that "vechicle" to dilute CORE shareholders holding the potentially real valuable assets in Equador by about 50% prior to funding the acutall drilling to be done AFTER the merger closes, with that round of financing to be done at something like 10 cents, MR MARKET is sending a signal that Titan next round of financing is done at 9 or ten cents, that IS what the CORE GOLD sp says, then I win and the CORE GOLD public shareholders today lose, unless they can also be "invited" into the next down round at 10 cents via a "rights offering" or some such structure.