RE:RE:RE:Why I can not sell the Titan shares?So I got you in at 5 cents., Spiritflyer. And don't forget the prize: 100,000 shares of Titan. But it is getting a little confusing for me because if they go bankrupt then the share price will be zero. Maybe I will hedge my bet and also take zero. Hey, it is my game, I make the rules, I get as many guesses as I want.
And I agree the bankruptcy scenario works well for Marsland and his crony crooks, and also for Sedun and his dumb helpers Clough and Bailey. So many ways to work bankruptcy in a good way. But there is a problem : the elephant in the room (money wise) but with a brain the size of a mouse.
So let's say in a bankruptcy or sell off, Titan could bring Zhoajin back to the table and sell Core's assets for $80 m. I really doubt they could, when the Aussies show up with their clothing reeking of smoke, the Zhoajin will rightly think: FIRE SALE. Still let's say $ 80 m. Don't forget Zhoajin would be also picking up Core's $20 m of debt.
And the deductions?:
- Titan debt I don't know what it is so say $ 5m.
- Dissident Rights There are still around 30 million shares not tendered to Titan it seems. My thinking is the Toronto Co that picked up 12 million of those is going to do a dissident thing, and they would have the where with all to do so. Let's say 20 million of those shares do that, times 50 cents a share or $10 m.
- And then all those finders fees, performance bonuses, severance for Core CEO and CFO, legal fees, and just plain old fashion skimming. $10m And with all those hands outstretched that wouldn't give all that good a payoff for Sedun, Clough and Bailey. They would be very lucky to get a million each. So they wipe all of us long suffering Core shareholders for a million bucks. I figure my potential losses (if Core would have been developed like it could have and got to a two dollar share price) at a million. You understand my anger a little now, S,C,B?
Anyway sell for $ 80 m deduct $ 25 m giving $ 55 m net.
But now maybe the elephant is coming out of his slumber. And the elephant will have had to buy all of Core's shares, all 168 m minus the 10 m that Titan bought. Who else would buy them, besides the trivial number Sedun has. And he would have had to pay approx 30 cents a share. All his old PP shares were at 30 cents, recent buying has been abit lower, but the dissident shares will be at 50 cents. And 158 m x 30 cents is $ 47m.
And according to the Titan statements once all Core shares are with Titan the Core shares will get about 2/3 of Titan, and Titan (the Titan boys plus their sophisticated investors ) around 1/3.
And 2/3 of $ 55 m net from the Core sale is $37 m. So the elephant spends $ 47 m and gets $ 37 m. How could the honest shareholders of Core possibly fight against this incredible stupidity. If someone is willing to lose that much money, and I am being conservative on the amount of the losses, what do you do?
And the 1/3 to Titan would be $18 m. The sophisticated investors are part of this and they put in at least $ 23 m into Titan to make it a fake company. Again amazing, incredible, mind blowing stupidity.
The winners? Well of course all the skimming Marsland , Carr, Rowley et al, have done already and the more to come will give them a few million each. And Sedun, Clough, and Bailey will perhaps not get what is coming to them, I am not allowed to talk about that, but I guess enough to make it worth while selling out the Core shareholders like you and me, that are the biggest losers, after the elephant. Maybe the reason that Core isn't making some sort of statement to the shareholders which would seem appropriate at this time, is because Sedun, Clough and Bailey are spending all their time at the car dealerships: hmmmm BMW? , Lexus? Audi? ....