Post by
Malpeque2 on Dec 12, 2019 1:26pm
Non-Recourse to Canada Courts
Most of what TITAN/CORE BOD4 has done is to make this deal legally harder to get standing and/or recourse to the courts in Canada for the minority to fight this deal.
How:
1) There is no FAIRNESS opinion offered or needed for the Titan offer to succeed now.
That was one issue that the judge has with the previous offer, that the fairness opinion and payment was predicated on the success of the offer, so the court thought that the opinion was tainted or biased, not a true independent opinion.
2) CORE4 BOD will in my opinion make NO recommendation on the offer, just delay and delay, and run out the clock. I made this prediction after Titan came back with the direct tender. BOD4 has NO incentive to make a recommendation either way, because that could or might create a legal issue in Canada for them "someday" in the near or distant future.
Kinda hard to recommend a NO on the tender meanwhile you are locking up your shares to the preferred bidder! IF they say YES and you get diluted at a 5 cents titan issuance that they all participate in down the road, they are canuck residents after all, and then HIT the mother lode in GLD, you might be able to drag their asses back into court in CANDYLAND.
Safe bet is to make NO recommendation to the public stockholders and let the tender succeed at 50.1%, while tendering their own shares.
And TAD just for you, OF COURSE the announcement of the news the other day and the lock up of almost enough shares to close the tender IS specifically designed by the BOD4 to discourage another party from bidding. The fact that Reyes and Sedun already tendered would most certainly discourage any bidder from coming back again with an improved offer or a letter of intent, etc. etc. Why waste the time and effort on legals and DD if 2 directors are voted and locked up against you, and all those shares too!
OF course they will invite them into the placements in OZ at 5c AU.
The reason they do this is that they actually want to DILUTE the sh&T out of you first before they pump more money into this. And they move the governance and disclosure to OZ so nobody traces in back to CANDYLAND where the actuall "institutional investors and sophisticated private individuals" are coming from.
This has always been a CANUCK venture from the get go, and the Titan company shell and BOD/Management is just a front, a cover, for the dirty CANUCKS manipulating this company CORE.
Following planes to aussie IS not going to catch them. Your going to need a court to allow someone to go after their phone records and text and emails!! I told you that before also.