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Bullboard - Stock Discussion Forum Core Gold DMMIF

Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.

OTCQX:DMMIF - Post Discussion

Core Gold > Voting - and the Letter of Transmittal
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Post by standfir on Jun 02, 2019 10:26am

Voting - and the Letter of Transmittal

Again, I'm not any kind of expert at all - so I'm just passing on what some various people told me - rely on your own advice ...



I asked around - what is that "Letter of Transmittal"?  The impression I got (take with grain of salt) - it's instructions to a transfer agent, that if Titan wins, then to go ahead and send you 20 shares of Titan for every Core share you have.



I can't think of any reason whatsoever to fill it in, and that's what I heard too - from what I understand it's like a birthday present from Titan to itself, to make sure you get sent Titan shares.  Consult your own advisor - but I'm pretty sure that if Titan won, then if there was ever a share conversion, transmittal would happen anyway.  But I doubt that Titan would win anyway, given their liabilities that seem to be looming up - are they more than all of Titan is "worth"?



So the booklet seems useless, except as a birthday gift from Titan to Titan, or to put under birds or newborn puppies.
Comment by Teetotal on Jun 02, 2019 5:06pm
Self presents by all these guys. Trouble is they are using our money. Very troubling indeed because Titan has no assets but just liabilities. Polluting other people's land does not bode well. They will be under the gun for some time. ASX and others on their case. BOD4 and CFO may not get decent character letters for their resumes either. But no matter we are counting down the days. Make sure ...more  
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