EXPM:HRTFF - Post by User
Comment by
Homestoneon Jan 26, 2022 12:19pm
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Post# 34362769
RE:RE:The final nail in the coffin
RE:RE:The final nail in the coffinThe auction was canceled.Appian and 833 ontario(silver lake) came to an agreement. They decided it was not in either's best interest to battle it out so they kissed and made up.Appian was satisfied with what silver Lake offered them so it was a done deal with no auction.Everything is on FTI's website now.Lots to read but I pulled this from page 79 of 604 ,paragraph 106(d)All issued and outstanding shares of Harte Gold as well as any agreement contract blah,blah,blah,shall be deemed cancelled for no consideration.The end.What is really crazy is the lengths they went to that ensured it would be very seamless for this new company to take over.A reverse vesting scheme whereby the assets are transferred and all permits remain in place.Pretty slick deal they made.Waltz in ,do some back scratching and rob the shareholders blind.BS