OTCQX:DMMIF - Post by User
Comment by
Tadon Oct 15, 2019 10:42am
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Post# 30231387
RE:RE:RE:News Release
RE:RE:RE:News Releaserjm316,
The following is just my opinion .... if you read through Core Gold's company circular, there appears to be some "issues" regarding the supposed "lock-up" of shares announced in the Titan offer.
I suspect that it is Vertex who is now dumping the shares into the market.
It is also apparent from recent statements by Titan MInerals that there was some type of impropriety regarding the entire transfer process from Vertex to Titan. They've stated in the past that the transfer of the promissory notes was effective" as of August 21, 2019. .... but in the "Pro Forma" portion of their 616 page circular ... tucked away on page 603(D-5) Titan has now stated that they assumed the promissory notes on August 8, 2019.
Which brings up some other questions, such as who knew what when, who negotiated the attempted restructuring, for what purpose, and why.
The Vertex promissory notes maturity date was March 31, 2019 nd should have been dealt with prior to that time, not in early to mid August.
These guys can't even give investors a straight time line of events. :Why should anything Titan says be trusted. They lied about Dr Miguel Cardozo being their CEO, they lied about assets in the company presentations, they were caught with not disclosing potential legal liabilities for up to $45 million in environmental clean up costs in Peru. Titan has sloughed off these potential liabilities with statements that they have two "legal opinions" that they may not be liable ... those are only opinions .... legal proceedings will detrmine the truth in Peru
DO NOT TENDER TO TE TITAN MINERALS OFFER.
GLTA