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Bullboard - Stock Discussion Forum Harte Gold Corp. HRTFF

Harte Gold Corp is engaged in the acquisition and exploration of mineral resource properties. It is focused on gold properties located in the province of Ontario, Canada. The company's exploration projects consist of sugar zone property and Stoughton Abitibi property. The Sugar Zone Property is located approximately 80 kilometers east of the Hemlo gold camp on the north shore of Lake Superior... see more

EXPM:HRTFF - Post Discussion

Harte Gold Corp. > Grounds for dismissal
View:
Post by Homestone on Jan 28, 2022 7:58am

Grounds for dismissal

On Page 49 of 449 (xiv) Confirmation of no collusion.Each auction bid should include confirmation by the qualified bidder that it has not engaged in any discussions or any other collusive behaviour with any other potential bidder or qualified bidder regarding the SISP.If you read about the series of events,that is exactly what took place.Silver Lake and Appian had discussions behind the monitor's back, made a deal between themselves and subsequently refused to take part in the auction.Looking out for number one.Themselves.
Comment by kitsune1 on Jan 28, 2022 9:15am
Indeed, its a sad tale of backroom deals and collusion. Even ANR's so-called improved bid was a sham as it was singularly meant to extract some more cash for themselves from SLR. Sounds like the management and the monitor got caught in the middle. Bidders were also not supposed to engage in discussions with creditors without the monitor present. They violated that too. Unbelievable that such ...more  
Comment by Homestone on Jan 28, 2022 9:30am
Yes indeed,the whole process was very shady and meant to keep the ball rolling with no disruptions to the operation.And to make sure the big boys got theirs.The path forward eliminated the pesky shareholders.Who are they? Nobody in this case.No shareholder approval needed.Steamroll over them and continue on.
Comment by Goldnorte on Jan 28, 2022 11:01am
Unfortunatly when it comes to standing up to bigger dogs our court system usually puts its tail between its legs and rolls over. Would be nice to see them make a stand and send a message that questionnable actions should be deterred instead of normal practice. 
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