GREY:GDPEF - Post by User
Post by
damianchosenoneon May 14, 2019 2:26pm
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Post# 29746124
Possible Scenario!
Possible Scenario!I believe there will be a company/entity that will pay off the 20 million of debt ( CRA, Sprott, other creditors). Maybe some of that will be for RCG shares that they receive.
They will have offer extra cash in the negotiations to start up production again as permits are all in.
They will in turn receive a large amount of shares and then do a 10 to 1 consolidation ( that would suck, but a 5 to 1 would be good) . They will right away start minign th estopes and tailings and get out a news release that they made millions right away ( this is all waiting right now).
I'm just hoping they do not ask for 200 million shares and if they do, they do a 5 to 1 and not a 10 to 1.
A buyout has a 0 % chance of happening!